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Topic: vat

Government Offices Great George Street in Westminster, which houses HM Treasury
Economy
Tuesday, 7/21, 07:14 AM

Burnham's first move: cut VAT on electricity, as June borrowing comes in lower

  • The new UK prime minister's opening cost-of-living measure is to cut VAT on household electricity from 5% to 0% from October, worth about £45 a year per household and £850m to the exchequer.
  • It landed the same morning June borrowing came in below forecast, though the fuller fiscal picture is more mixed than either headline.

In brief

vat — news and stories on this topic

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