We report that John Healey has announced a £100 energy payment in his first Budget as Chancellor. It goes to homes in council tax bands A to D this winter, which the Treasury says covers 20 million households.
The VAT cut on domestic electricity, from 5% to zero, now runs to July rather than ending in March 2027. The bank surcharge rises temporarily from 3% to 6%.
The Treasury's Budget document puts headroom against the stability rule at £15bn in 2029-30, down from £23.6bn at the March forecast. It blames higher debt interest costs.
Read more in our report, Healey gives 20 million households £100 energy payment in first Budget.