UK PM Burnham unveils energy tax cut
UK Prime Minister Andy Burnham announced an energy tax cut on his first full day in office, reducing value-added tax (VAT) on consumer electricity bills. This move aims to address the rising cost of living, costing the government approximately £850 million ($1.143 billion) this financial year, funded by scrapping a planned digital ID scheme. Burnham emphasized the need for fiscal discipline and transparency in funding future policies during his inaugural cabinet meeting.