UK raises taxes on banks and gambling in Healey budget

Summarised from 2 outlets · Updated 28 Oct, 18:44 · Archive

UK finance minister John Healey has raised taxes on banks, gambling, savers and landlords in the first budget of Prime Minister Andy Burnham's government, announced as part of efforts to help households facing rising energy bills and fuel costs.

The budget includes a £100 payment to about 20 million households living in lower-valued homes to soften the leap in energy bills, costing £2.6 billion. Healey will also support drivers by keeping a freeze on fuel duty rates until at least July, at a total cost of £1.4 billion over the period. The government plans to tighten value-added tax rules for online marketplaces such as Amazon and eBay, and provide property tax relief to small businesses.

Healey told parliament that the budget responds to 'global economic storms', citing the conflict in the Middle East which has driven up oil and gas prices, trade tensions and the war in Ukraine. He said the government must 'choose the course we steer through them'. On entering Downing Street in July, Burnham had promised 'the biggest changes in the last 40 years' in UK politics, including a bigger role for the state in the economy.

How it is being reported

• UK raise taxes on banks, gambling in Healey budgetSome households in the United Kingdom will be helped with a payment to ease the hit from rising energy bills in Prime Minister Andy Burnham's first budget.The West Australian · 28 Oct, 18:08
• UK raise taxes on banks, gambling in Healey budgetSome households in the United Kingdom will be helped with a payment to ease the hit from rising energy bills in Prime Minister Andy Burnham's first budget.Perth Now · 28 Oct, 18:08

In this story: John Healey · Andy Burnham · United Kingdom · Amazon · eBay

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