UK Treasury chief faces headwinds as he delivers first budget under new Prime Minister, Andy Burnham
- The budget extended the electricity VAT cut until July 2027, providing an estimated £50 annual reduction in the price cap.
- Eligible households in England’s council tax bands A to D will receive a one-off £100 Household Energy Payment from January 2027.
- The Bank Corporation Tax Surcharge will increase from 3% to 6% for 15 months to help fund the electricity-bill measures.
192 Articles
192 Articles
POLITICAL COMMENT: Budget delivers breathing space today and fresh hope for the future for Portsmouth
Families will receive direct help with energy bills, motorists will see fuel duty frozen and thousands more high-street businesses will be taken out of business rates, as the Labour Government backs working people today while investing in Britain’s future.
Budget 2026: £100 energy payment, fuel freeze extension and tariff reduction for beans, chocolate and kerosene
John Healey has announced the Executive will receive funding for a £100 household energy payment for lower income households while a temporary VAT cut on electricity bills is to be extended until July 1, 2027.
Think Tanks Pan Healey’s ‘Do-Nothing’ Budget
The reactions are in from Westminster’s wonks on Healey’s Breathing Space Budget. They’re struggling to breathe… Onward’s director Simon Clarke said: “Britain is drowning in three trillion pounds of debt, while the Chancellor shuffled costs from one pocket to the next… Scrapping standing charges on gas bills only to load the cost onto gas usage…
No changes to inheritance tax in UK Budget 2026
No changes to the inheritance tax have been announced in the UK’s Autumn budget, unveiled today (Wednesday, October 28) by the new Chancellor, John Healey. The main relief of relevance to British farmers that emerged from today’s speech are an extension of the 5p cut to fuel duty for a further six months. In addition, […]
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