VAT to be cut from electricity bills in October
The UK government has announced a reduction of VAT on household electricity bills from 5% to zero, effective in October, expected to save typical households approximately £45 annually.
The UK government has announced a reduction of VAT on household electricity bills from 5% to zero, effective in October, expected to save typical households approximately £45 annually.
UK military shows interest in electric flying taxi variant from Vertical Aerospace, which demonstrated its prototype at an airshow and received additional £10m government funding.
UK government borrowing in June was £16bn, slightly below forecasts, though analysts warn public finances remain fragile with debt at near-record levels relative to GDP.
Defence company shares surged after John Healey was appointed chancellor, with investors betting his previous advocacy for increased military spending will translate into action in his new role.
Institutional investors are selling single-family rental homes at accelerated rates following newly enacted legislation that bans purchases by those owning 350 or more properties, with listings more than doubling since early February.