Budget 2026 live: £100 energy payment for millions and rise in bank tax as watchdog warns on stalling living standards
Why This Matters
Key context: <p>OBR says that living standards are forecast to rise by just 1% over the whole post-Covid decade</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.
OBR says that living standards are forecast to rise by just 1% over the whole post-Covid decadeBudget 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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