Business · 1 hour ago

VAT Cut on Electricity Bills Extended to July

The temporary VAT cut on household electricity bills will now last until July 2027 instead of ending in April, Chancellor John Healey announced, taking about £50 off the yearly price cap. He also scrapped a planned levy on gas bills to fund hydrogen projects, which taxpayers will now cover instead. Household energy bills are still expected to jump by around £300 a year in January.

By BriefTea Editorial · 28 October 2026 at 14:41

Reported by BBC News · How we write briefs

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