Burnham announces £850m tax cut on energy bills but faces questions over funding
The VAT reduction will be paid for by scrapping the digital ID card scheme, but former minister Darren Jones said that project was unfunded
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Summary
The VAT reduction will be paid for by scrapping the digital ID card scheme, but former minister Darren Jones said that project was unfunded. "With bills still set to rise over £150 this October, this money would have been better spent on more targeted support," she said in a statement. With bond investors watching closely for how any fiscal support would be paid for, he said the move would be funded by savings from the cancellation of a £1.8 billion (US$2.42 billion) digital ID programme, announced on Sunday.
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The VAT reduction will be paid for by scrapping the digital ID card scheme, but former minister Darren Jones said that project was unfunded
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"With bills still set to rise over £150 this October, this money would have been better spent on more targeted support," she said in a statement.
according to Channel News AsiaWith bond investors watching closely for how any fiscal support would be paid for, he said the move would be funded by savings from the cancellation of a £1.8 billion (US$2.42 billion) digital ID programme, announced on Sunday.
according to Channel News Asia
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