What Andy Burnham's first week as PM means for your bills, tax and your money
Andy Burnham’s first week as the new UK prime minister saw a raft of announcements. These included cutting VAT on energy bills and a £2 cap on bus fares. There was also news of a reduction in business rates for pubs, clubs and live music venues.
The removal of the 5% VAT on electricity bills for households is expected to come into effect in October and last for six months. The government says the move could save the average household £45 on their annual bill.
Meanwhile, a reduction of 20% on business rates for pubs and clubs will take effect next year. It could see 32,000 venues save around £1,100 in the 2027-28 tax year, according to........
