In his first budget, the chancellor, John Healey, said 20m households in council tax bands A to D would receive a £100 payment, at a cost of £2.6bn. The VAT cut on electricity bills was extended until July and, as widely expected, fuel duty rises pencilled in by Rachel Reeves were cancelled. Healey said this would support businesses and consumers
Continue reading…In his first budget, the chancellor, John Healey, said 20m households in council tax bands A to D would receive a £100 payment, at a cost of £2.6bn. The VAT cut on electricity bills was extended until July and, as widely expected, fuel duty rises pencilled in by Rachel Reeves were cancelled. Healey said this would support businesses and consumersBudget 2026: key points at a glanceBudget 2026 live – latest updates Continue reading…