UK government borrows less than expected, easing debt pressure as inflation cools — but at a cost: a planned VAT cut on electricity starting October 1st to ease living costs, funded by scrapping the digital ID program. Chancellor Healey insists fiscal discipline remains key, even as borrowing for the year exceeds forecasts. With eyes on balancing bold policies and tight budgets, Burnham and Healey face a high-wire act to keep the economy stable without risking national security.
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