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VAT Cut on Energy Bills Starts October | Leeds News
Starting October 1st, households across the UK will see a major financial relief as VAT on domestic electricity bills drops from 5% to 0%, saving the average family around $45 annually. Funded by redirecting money originally earmarked for a scrapped digital ID scheme, the move sparks debate—some hail it as much-needed breathing room, while critics call it “smoke and mirrors.” The cut applies nationwide, with Northern Ireland receiving equivalent support, and funding secured through March 2027. It’s one of several steps in the government’s broader strategy to tackle the cost of living…
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