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VAT Cut on Energy Bills? Not What You Think | Leeds News
Published 2 weeks, 6 days ago
Description
New PM Andy Burnham’s VAT cut on electricity bills sounds like a win, but Martin Lewis reveals it’s a small victory: a 4.8% VAT drop is offset by a 3.1% energy price cap hike, leaving households with just $20 in real savings over six months. It’s a symbolic gesture, not a game-changer—market shocks like Middle East events affect bills far more than this tweak.
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