£100 Energy Bill Support to Be Sent Directly to Bank Accounts for 20 Million People
The £2.6 billion scheme will be funded by a higher bank surcharge and is meant to ease winter energy bills for lower- and middle-income households.
- On Wednesday, Chancellor John Healey announced a £100 winter energy payment for 20 million households in council tax bands A–D, with funds paid directly into bank accounts this winter.
- Rising energy bills driven by conflict in the Middle East pushed Healey to frame the £2.6 billion scheme as essential relief, offering families 'breathing space' during the coldest months.
- Funded by a 3% bank surcharge increase to 6%, the budget extends the electricity VAT cut through July and removes gas standing charges, saving households around £45 annually.
- Devolved governments receive their share of funding, though the council tax band checker website crashed on Wednesday as residents rushed to confirm eligibility for the payment.
- Policy experts warned using council tax bands is a 'blunt way' to identify need, citing administrative risks and scam potential, though the government aims for long-term energy market reform.
129 Articles
129 Articles
Chancellor John Healey unveiled a £2.6 trillion support package for 20 million households in council tax bands A-D in England, who will get £100, paid directly
Healey offers 'breathing space' but OBR warns of year with no real earnings growth
Chancellor John Healey's Budget offers a £100 one-off payment to 20 million households and extends energy bill relief, but the OBR warns that living standards will stall in 2027 as the Iran conflict drives inflation to 3.5
(London=Yonhap News) Correspondent Kim Ji-yeon = On the 28th (local time), the British government [announced] 2.6 billion pounds (approximately 4.6 trillion...] to support energy costs for low-income and middle-class households.
British Treasury offers support with energy bills in the face of Iran war price shock
British Treasury chief John Healey used his first budget statement Wednesday to offer households and businesses support with their energy bills this winter in the face of what he termed "global economic storms."
Milton Keynes Labour MPs welcome Chancellor’s announcement of tax rebate for households during Budget
Milton Keynes Labour MPs welcomed the Chancellor’s announcement of a tax rebate for households in council tax bands A to D, which was delivered during The Budget today (Wednesday).
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