Newly installed Prime Minister Andy Burnham announced that the 5% VAT will be removed from domestic electricity bills starting in October. The goal is to ease the cost of living in the UK, with the government estimating households will save an average of £45 a year.
'I said I wanted to give people breathing space, and that's what I'm announcing on my second day as prime minister,' Burnham said Tuesday. 'We're taking immediate action to cut taxes on energy bills, put more money in people's pockets and bring back hope.'
