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The Economic Times

Economy / The Economic Times

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Britain's new Prime Minister to cut taxes on electricity bills

The new British Prime Minister Andy Burnham will cut taxes on electricity bills. This move aims to ease the ongoing cost-of-living crisis for citizens. The government plans to remove value-added tax from domestic electricity bills starting October 1. This financial action will be funded by cancelling a digital ID programme. Burnham seeks to improve living standards and demonstrate effective governance.

21 Jul 2026 11:40 am