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UK's Healey preparing to cut household gas bills by £50, Telegraph reports
- On Wednesday, Chancellor of the Exchequer John Healey will unveil his first budget, cutting household gas bills by up to £50 and curbing the Energy Secretary's power to impose net zero levies.
- Raising the minimum wage by nearly 4 per cent, the National Living Wage for workers aged 21 and over will rise 3.9 per cent to approximately £13.20 per hour, supporting cost-of-living relief.
- Banking group HSBC reported a pre-tax profit of 9.6 billion US dollars, or £7.2 billion, for the three months to September, up 32 per cent year-over-year. Chief Financial Officer Pam Kaur said there was "no pressure" on the bank despite potential tax hikes.
- Prime Minister Andy Burnham's cost-of-living strategy includes more than £1 billion for social and affordable housing, £432 million for rough sleeping programs, and over £600 million for AI development projects.
- Facing a difficult domestic economic situation worsened by international market turmoil caused by the Iran war, Healey promised Britons "breathing space today, and fresh hope for the future" in a video message.
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Total News Sources5
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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