UK government announces VAT reduction on residential electricity bills

Andy Burnham has assumed office as UK Prime Minister, initiating a significant cabinet reshuffle and a policy pivot away from the previous administration and Thatcherite economic principles. The new government's immediate focus is on domestic economic relief, particularly addressing cost-of-living pressures and energy costs, alongside a notable push towards administrative decentralization and regional governance. Key uncertainties remain regarding the specific legislative mechanisms for these reforms and the long-term implications for EU-UK relations.