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VAT Cut on Electricity? The Real Cost | Leeds News
Prime Minister Andy Burnham’s surprise six-month VAT cut on electricity bills, kicking in October, promises average households $45 in savings—but financial expert Martin Lewis warns it’s a temporary reprieve, as energy price caps are set to jump 5.1% soon, adding $93 back to bills. While framed as winter relief and inflation-fighting, the move funds itself by scrapping a costly digital ID program—and leaves key questions unanswered: gas isn’t included, and fixed-rate customers aren’t sure how they’ll benefit. The government insists this small but symbolic cut will still make a dent in the…
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