Chancellor Healey announces support for households and businesses

Summarised from 3 outlets · 15 reports · Updated 28 Oct, 15:42 · Archive

Chancellor John Healey announced a £100 energy payment for 20 million households in council tax bands A to D, funded by higher taxes on banks and gambling firms.

Chancellor John Healey delivered his first Autumn Budget, announcing a package of measures aimed at supporting households and businesses facing economic pressures. The centrepiece is a £100 energy payment for approximately 20 million households in council tax bands A to D in England, with similar support promised for the rest of the UK. The payments will be delivered automatically to bank accounts in January.

Healing described the payment as giving households 'breathing space' amid concerns about rising energy bills. The Budget also includes the abolition of gas standing charges from 2027 and an extension of the VAT reduction on electricity bills. A new first-time buyer savings ISA will replace the lifetime ISA, with the Chancellor announcing a new 'Your First Home' equity loan scheme backed by £4.7bn of government lending to help first-time buyers without family financial support.

The announcements follow the government's decision to raise taxes on banks and gambling firms to fund the support package. The Chancellor said the measures were designed to help both households and high street businesses navigate current economic challenges.

How it is being reported

• 'An underwhelming Budget overall' - West Midlands business leaders react to John Healey's economic plansBusinesses described the Chancellor’s speech as a ‘breathing space Budget’ but said it could have offered moreExpress & Star · 28 Oct, 16:37
• 'An underwhelming Budget overall' - West Midlands business leaders react to John Healey's economic plansBusinesses described the Chancellor’s speech as a ‘breathing space Budget’ but said it could have offered moreBirmingham World · 28 Oct, 16:37
• Three new cost of living payments and perks worth £195 coming under John HealeyThe Autumn Budget was delivered in the Commons by Mr Healey on October 28.BirminghamLive · 28 Oct, 15:21
• Almost all households in Birmingham, Sandwell, Wolverhampton to get John Healey £100 paymentsFree cost-of-living payments have been announced for around 20 million householdsBirminghamLive · 28 Oct, 15:21
• Three ISA changes for households confirmed in John Healey Autumn BudgetThe Chancellor made the announcement as he set out an additional £1.5bn for the Government’s council housebuilding programme.BirminghamLive · 28 Oct, 14:46
• John Healey confirms free £100 payments as households rush to check council tax bandsThe Chancellor announced payments for 20 million households at the Budget on WednesdayBirminghamLive · 28 Oct, 14:36
• Budget at a glance: What has John Healey announced?The Chancellor has set out his tax and spending plans.Express & Star · 28 Oct, 14:11
• John Healey extends October change for households with driveways until July 2027Chancellor, delivering his maiden Budget, confirmed he would be extending the government's VAT cut to July.BirminghamLive · 28 Oct, 13:49
• Healey Budget offers help for families and firms hit by global economic stormBanks and gambling firms were hit with higher taxes to help pay for support for high street businesses and household energy bills.Express & Star · 28 Oct, 13:30
• Budget Live: Chancellor John Healey promises support for ‘working people’The Chancellor has promised ‘breathing space’ for households and businesses.Express & Star · 28 Oct, 13:14
• £100 energy payments announced for council tax bands A to D householdsJohn Healey announced the newsBirminghamLive · 28 Oct, 12:58
• Budget Live: Chancellor John Healey to set out ‘breathing space’ plansThe Chancellor has promised ‘breathing space’ for households and businesses.Express & Star · 28 Oct, 12:36
• 3 groups of household could pay more after gas standing charges axe from John HealeyAndy Burnham and John Healey confirmed the change on WednesdayBirminghamLive · 28 Oct, 10:00
• John Healey to hand households £50 off gas bills with standing charges axedMove from Chancellor comes in a bid to wrestle down skyrocketing costs for households.BirminghamLive · 28 Oct, 06:10
• Budget will move towards cutting energy bills ‘for good’, Healey saysChancellor John Healey is expected to announce a freeze in fuel duty as well as measures to decouple gas and electricity prices.Express & Star · 27 Oct, 20:09

In this story: John Healey · Labour Party · England · West Midlands · Birmingham

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