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Is this play-safe budget a sign that the prime minister is planning an early election? | Larry Elliott

29 October 2026 at 15:34

There’s no real strategy behind this hotchpotch of measures. Andy Burnham may be parking the big decisions until he has a true mandate

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© Photograph: Richard Pohle/Reuters

© Photograph: Richard Pohle/Reuters

© Photograph: Richard Pohle/Reuters

‘Scattergun’ budget will still leave Britons facing higher energy bills, says thinktank

29 October 2026 at 12:10

Healey’s attempt to provide ‘breathing space’ gives rich almost as much as poor, says Resolution Foundation

John Healey delivered a “scattergun” budget that did little to boost living standards and left Britain facing “a painful second half” of the parliament, a leading economic thinktank has warned.

The Resolution Foundation said on Thursday that measures to ease household gas and electricity costs would still leave energy bills higher this year than during the last energy shock.

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© Photograph: RichSTOCK/Alamy

© Photograph: RichSTOCK/Alamy

© Photograph: RichSTOCK/Alamy

How will John Healey’s energy support package affect you?

29 October 2026 at 08:00

Chancellor’s ‘new course’ includes a £100 one-off payment, low-carbon upgrade loans and an end to standing charges

John Healey has unveiled a package of support for households being buffeted by “global economic storms”.

“I’m setting a new course to get energy costs down in line with Europe,” the chancellor said in his maiden budget. In the long term, he hopes that changes in how Britain covers the cost of renewables and grid upgrades will “drive down all aspects of energy bills”.

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© Photograph: Washington Imaging/Alamy

© Photograph: Washington Imaging/Alamy

© Photograph: Washington Imaging/Alamy

Thames Water creditors to vote on emergency £2.4bn loan as cash runs low

29 October 2026 at 08:00

Campaigners say costly new funds will lead to higher bills, which company denies

A group of creditors to troubled Thames Water are poised to vote on whether to grant an emergency £2.4bn loan to keep the company afloat, as campaigners raise concerns it could add £40 to each household’s bills in interest alone.

A consortium of creditors, called London & Valley Water, will vote on Thursday on whether to increase a funding facility for the debt-laden utility company to £5.4bn to keep it operating to autumn 2027.

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© Photograph: Toby Shepheard/Reuters

© Photograph: Toby Shepheard/Reuters

© Photograph: Toby Shepheard/Reuters

Thames Water creditors to vote on emergency £2.4bn loan as cash runs low

29 October 2026 at 08:00

Campaigners say costly new funds will lead to higher bills, which company denies

A group of creditors to troubled Thames Water are poised to vote on whether to grant an emergency £2.4bn loan to keep the company afloat, as campaigners raise concerns it could add £40 to each household’s bills in interest alone.

A consortium of creditors, called London & Valley Water, will vote on Thursday on whether to increase a funding facility for the debt-laden utility company to £5.4bn to keep it operating to autumn 2027.

Continue reading...

© Photograph: Vuk Valcic/ZUMA Press Wire/Shutterstock

© Photograph: Vuk Valcic/ZUMA Press Wire/Shutterstock

© Photograph: Vuk Valcic/ZUMA Press Wire/Shutterstock

Budget 2026: Healey hikes taxes on banks and landlords to fund £100 handouts to 20m households

Few surprises as chancellor uses low-key speech blaming ‘global economic storms’ for stoking energy prices and cost of living crisis

John Healey raised taxes on banks and landlords to fund a £100 winter handout for 20 million families as official forecasts made clear there is no end in sight for the cost of living crisis.

In his first budget, the chancellor blamed “global economic storms” for the grim outlook, as the war in Iran drives up oil and gas prices.

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© Photograph: House of Commons/AFP/Getty Images

© Photograph: House of Commons/AFP/Getty Images

© Photograph: House of Commons/AFP/Getty Images

Budget 2026: Healey hikes taxes on banks and landlords to fund £100 handouts to 20m households

Few surprises as chancellor uses low-key speech blaming ‘global economic storms’ for stoking energy prices and cost of living crisis

John Healey raised taxes on banks and landlords to fund a £100 winter handout for 20 million families as official forecasts made clear there is no end in sight for the cost of living crisis.

In his first budget, the chancellor blamed “global economic storms” for the grim outlook, as the war in Iran drives up oil and gas prices.

Continue reading...

© Photograph: House of Commons/AFP/Getty Images

© Photograph: House of Commons/AFP/Getty Images

© Photograph: House of Commons/AFP/Getty Images

Budget winners and losers: pensioners and households gain as banks and betting shops hit

28 October 2026 at 20:37

How the Burnham government’s first attempt to ease cost of living pressure pans out for key stakeholders
Budget 2026: key points at a glance

Every budget has its winners and losers, and John Healey’s first as chancellor was no exception. While some gained from tax breaks and rule tweaks, others will either pay more, or had their hopes of reforms dashed. Here are some of those with reason to cheer, or sigh:

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© Photograph: Richard Pohle/PA

© Photograph: Richard Pohle/PA

© Photograph: Richard Pohle/PA

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