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Burnham Drops Tax Freeze, Cuts Bus Fares | UK News
Description
Prime Minister Andy Burnham has scrapped plans to lift the tax threshold freeze — a move that’s generated billions by pulling more earners into the system — as fiscal pressure mounts. In its place, his government is rolling out a £2 single bus fare cap in January, funded by redirecting climate grants and trimming the Net Zero budget. But with no clear funding for a promised 5% VAT cut on electricity bills — estimated at £850 million — new Chancellor John Healey now faces a tough balancing act. Meanwhile, inflation dipped to 2.6% in June, yet global risks loom. Burnham’s cabinet reshuffle continues, signaling a determined push to deliver his agenda — even as the books grow tighter.
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