Andy Burnham implores cabinet to examine ‘all possible ways’ to tackle cost of living crisis
Summary
Prime Minister Andy Burnham has asked his cabinet to explore all options to reduce the cost of living for people. On his first day in office, he announced that VAT on electricity bills will be removed starting October 1, which will cost £850 million next year. He is also planning to speed up the introduction of a national care service and aims to balance these policies within current borrowing limits.Key Facts
- Andy Burnham wants his government to focus on lowering the cost of living for citizens.
- VAT on electricity bills will be removed from October 1, reducing bills by £45 and costing £850 million next year.
- Funding for the VAT cut will come from existing department budgets, potentially leading to cuts elsewhere.
- The government plans to accelerate the rollout of a national care service before the next election.
- The digital ID program, which Burnham wants to scrap to fund VAT cuts, was not funded and money details remain unclear.
- The Prime Minister’s new office structure includes the creation of a powerful Office for the Prime Minister and the Cabinet.
- John Healey, the new chancellor, is working on a broader budget plan to tackle the cost of living later this year.
- Burnham has ruled out borrowing more money to pay for increased defense spending.
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