Andy Burnham Becomes UK Prime Minister and Announces Policy on Household Electricity VAT
UK's new prime minister Andy Burnham has surprised Westminster by appointing John Healey as finance minister instead of Shabana Mahmood. His first major policy is to scrap VAT on household electricity bills, saving an average £45 annually per household. While this move aims to benefit consumers and gain voter support, it raises concerns about fiscal credibility among financial markets.
