{"id":32152,"date":"2026-07-21T06:17:30","date_gmt":"2026-07-21T06:17:30","guid":{"rendered":"https:\/\/microvibenews.com\/?p=32152"},"modified":"2026-07-21T06:17:30","modified_gmt":"2026-07-21T06:17:30","slug":"burnham-axes-vat-on-domestic-electricity-bills-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=32152","title":{"rendered":"Burnham axes VAT on domestic electricity bills \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2023\/11\/Heating-thermometer.png\" alt=\"Heating themostat\" class=\"wp-image-159357 lazyload\" style=\"width:840px;height:auto\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"558\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2023\/11\/Heating-thermometer.png\" alt=\"Heating themostat\" class=\"wp-image-159357 lazyload\" style=\"width:840px;height:auto\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2023\/11\/Heating-thermometer.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2023\/11\/Heating-thermometer-300x211.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2023\/11\/Heating-thermometer-768x540.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2023\/11\/Heating-thermometer-600x422.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>A VAT cut will ease electricity costs<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">Andy Burnham is abolishing VAT on domestic electricity bills from October as he commits to easing the cost of living on households.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The rate will be cut from 5% to 0%, though it will only save a typical household \u00a345 a year \u2013 equal to the average price (\u00a35.50) of eight pints of beer. It may also be absorbed in any increase in the price cap as a result of global pressures on energy prices.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">In his first policy announcement since becoming Prime Minister, Mr Burnham said the cut \u2013 which had been predicted \u2013 would \u201cgive people breathing space\u201d and \u201cput more money in people\u2019s pockets.\u201d<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The announcement will cost the Treasury \u00a3850m this financial year and would be funded by savings from the cancellation of the Digital ID programme, which was expected to cost \u00a31.8bn over three years.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">John Healey, the new chancellor, says the announcement will \u201cprovide some reassurance this winter.\u201d<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">There has been talk of removing green levies from energy bills for both households and businesses that would have a meaningful impact on company finances.<\/p>\n<p><!-- Simple Share Buttons Adder (8.6.0) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Burnham #axes #VAT #domestic #electricity #bills #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A VAT cut will ease electricit&hellip; <\/p>\n","protected":false},"author":1,"featured_media":23161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[18730,12545,10389,266,265,7592,1150,17399,1881,18729],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32152"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32152"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/32152\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/23161"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}