Budget 2026 live: Healey announces £100 energy payment for millions and rise in bank tax
Why This Matters
Key context: <p>Chancellor also announces tax relief for business founders, and funding to tackle rough sleeping and ‘new deal for datacentres’</p><ul><li><p><a href="https://www.theguardian.com/uk-news/2026/oct/28/budget-2026-key-points-john-healey">Budget 2026: key points at a glance</a></p></li></ul><p><strong>Martin Lewis</strong> <a href="https://x.com/MartinSLewis/status/2115360340720353765">said</a> that, when he met John Healey this morning, the chancellor said that, having removed standing charges from gas bills, he would also like to get rid of them from electricity bills. Lewis said:</p><p>The chancellor said he will be talking to Ofgem about how they get rid of the charge on electricity as well, but that is ‘trickier’ apparently and will take longer.</p> <a href="https://www.theguardian.com/uk-news/live/2026/oct/28/budget-2026-latest-updates-john-healey-andy-burnham-labour-uk-politics">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.
Chancellor also announces tax relief for business founders, and funding to tackle rough sleeping and ‘new deal for datacentres’Budget 2026: key points at a glanceMartin Lewis said that, when he met John Healey this morning, the chancellor said that, having removed standing charges from gas bills, he would also like to get rid of them from electricity bills. Lewis said:The chancellor said he will be talking to Ofgem about how they get rid of the charge on electricity as well, but that is ‘trickier’ apparently and will take longer. Continue reading...
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