Andy Burnham Pledges More Cost of Living Support
Prime Minister Andy Burnham announced plans for further cost of living measures and tasked Chancellor John Healey with prioritizing household budgets in the October Budget.
Prime Minister Andy Burnham acknowledged that current government measures to combat the cost of living are insufficient and indicated that further support is forthcoming. Speaking to the BBC, Burnham proposed an accumulation of smaller interventions to reduce pressure on household budgets, including a potential overhaul of train fares and increased public control over energy, water, and housing.
The government has already removed VAT from domestic electricity bills and accelerated the end of subscription traps. Additionally, residents living within 500 meters of new electricity pylons and substations will receive a £250 annual bill discount for a decade.
Burnham tasked Chancellor John Healey with making the cost of living the primary focus of the upcoming October 28 Budget, though Healey intends to maintain strong fiscal discipline. While the Prime Minister pledged not to raise taxes for working people, he suggested a broader review of business rates following a 20% cut for pubs and music venues, admitting that previous national insurance hikes have pressured businesses.