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Budget 2026: summary and reaction to key tax changes

The budget extends VAT and fuel duty relief while adding £1 billion in business rates support for about 70,000 firms.

Chancellor John Healey billed his first Budget as giving families and businesses “breathing space” from rising costs. But when you peek beyond the headlines, there are some significant changes in the detail, especially for business owners, landlords and savers. That said, the Autumn Budget announcements weren’t as bruising as they could have been. Here, I

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Churchill Taxation broke the news on Wednesday, October 28, 2026.
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