Healey presented his first budget as Chancellor, and reiterated the UK's support of Ukraine on Wednesday.
UK brings forward defense spending target, pledging billions to Ukraine
Source: CNBC
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BBC Business
The one thing that didn't change that will affect your pay the most
The point at which you start to pay tax, and the point where you tip into paying a higher rate of tax have been frozen for three more years.
The Guardian2 outlets
Budget 2026 live: £100 energy payment for millions and rise in bank tax as watchdog warns on stalling living standards
OBR says that living standards are forecast to rise by just 1% over the whole post-Covid decade Budget 2026: key points at a glance Martin 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...
CNBC4 outlets
At least 68 people dead in high-speed Spain train crash
High-speed service travelling from Madrid to Seville runs into back of another, knocking two carriages off track Spain train crash – latest updates At least 64 people have been killed after two high-speed trains collided in Toledo province in central Spain, in the country’s second major train accident this year. The trains were travelling in the same direction on the line from the Spanish capital, Madrid, to Seville in the south-west of the country. One ran into the tail of the other that had stopped, knocking two of its cars off the track. Authorities said the cause of the crash was not yet known. Continue reading...
The Guardian2 outlets
‘A pretty grim picture’: outlook for UK living standards slashed despite Healey’s budget
OBR cautions about Middle East war dragging down growth and triggering a fresh cost of living crisis Healey offers £100 payment to households to help navigate ‘global economic storms’ Budget 2026: key points at a glance Budget 2026 live – latest updates British households face a “pretty grim picture” for living standards as the war in the Middle East drags down growth and triggers a fresh cost of living crisis, the government’s independent forecaster has said. In a report as John Healey announced his first budget, the Office for Budget Responsibility (OBR) issued a sharp downgrade for growth in 2027, household disposable incomes and the public finances despite the measures taken by the chancellor . Continue reading...
The Guardian2 outlets
Will John Healey’s ‘breathing space’ budget deliver what Britain needs? Our panel responds | Panel
Amid global economic storms, the new chancellor has promised to steer the course – with promises of more help to come. Will it be enough? Continue reading...
CNBC
The UK cuts energy bills, taxes banks and boosts defense in high-stakes budget
The U.K. budget cuts household energy costs, raises taxes on banks and directs billions toward defense, Ukraine and artificial intelligence