Few surprises as chancellor uses low-key speech blaming ‘global economic storms’ for stoking energy prices and cost of living crisis Budget 2026: key points at a glance Briefing: key questions answered by Heather Stewart and Pippa Crerar Editorial: Budget’s bold ambitions and welcome first steps 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...