Chancellor John Healey's first budget includes a £100 winter handout for 20 million households, funded by increased taxes on banks and landlords. The budget, presented amidst "global economic storms" contributing to energy price hikes and a cost of living crisis, also features the elimination of tariffs on over 100 goods and a freeze on fuel duty, aiming to provide "breathing space" for families.
While the budget introduces measures to combat misogyny and protect low-income pensioners, official forecasts indicate no immediate end to economic challenges, with growth forecasts being revised downwards. Critics argue the budget lacks boldness and that government spending and taxation have been excessive. Specific measures also target younger demographics, with impacts on housing and minimum wage being highlighted, though some campaigners question the allocation of funds towards carbon capture technologies.
Healey Funds £100 Energy Handout by Raising Bank and Landlord Taxes
40 stories · 5 sources
Sources
- Budget 2026: Healey hikes taxes on banks and landlords to fund £100 handouts to 20m households — The Guardian World,
- Five ways the Budget will affect you if you are under 25 — BBC Business,
- Healey unveils £100 for energy bills and bank tax in first Budget — BBC Politics,
- Three ways the Budget affects you — BBC Business,
- Budget winners and losers: pensioners and households gain as banks and betting shops hit — The Guardian World,
- Dharshini David: Healey buys himself some time, but big questions still unanswered — BBC Business,
- Budget 2026 calculator: find out if you are better or worse off — The Guardian World,
- Chris Mason: Budget felt cautious despite its range of small measures — BBC Politics,
- Watch: What are the key points from the Budget and how will they be funded? — BBC Politics,
- What are the standout points from the Budget? — BBC Politics,
- OBR slashes UK growth forecast for 2027 despite Healey’s budget measures — The Guardian World,
- Badenoch: Budget 'does not come close to meeting the moment' — BBC Politics,
- Your pay, energy bills and savings: How the Budget affects you — BBC Business,
- Budget 2026: John Healey offers £100 payments to households to help navigate ‘global economic storms’ — The Guardian World,
- Chancellor begins to deliver his first Budget — BBC Business,
- John Healey pays homage to predecessor Rachel Reeves — BBC Business,
- Budget 2026: key points at a glance — The Guardian World,
- How will the tax cut on gherkins help restaurants? — BBC Business,
- Chancellor holds red box outside No 11 — BBC Politics,
- 'Everyday life is now becoming expensive' — BBC Business,
- Healey poised to overturn cut to cash Isa allowance in first budget — The Guardian World,
- Former Conservative chancellor unsure Budget will 'fix big problems' — BBC Business,
- Budget 2026 live: chancellor says scrapping gas standing charges will save 60% of homes £45 a year — The Guardian World,
- Main budget announcements at a glance — Sky News Business,
- Main budget announcements at a glance — Sky News Business,
- 'Government to decide who to help and who picks up the tab' — BBC Politics,
- How to Tax and Spend in a ‘Turbulent Time?’ U.K. Tries a Balancing Act. — New York Times Business,
- What the changes to gas bills mean for you — BBC Politics,
- John Healey to end standing charges on gas bills for 23m homes — The Guardian World,
- What to expect from this year's Budget — BBC Politics,