Healey's first Budget doubles the bank surcharge to fund £100 energy payments
Chancellor John Healey's Budget on 28 October also raised tax on savings and property income. The OBR cut its 2027 growth forecast to about 1% and said inflation would average 3.5% that year.
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Chancellor John Healey presented his first Budget on Wednesday 28 October. It raised taxes on bank profits and on income from savings and property to help households with energy bills, which have risen because of the conflict in the Middle East.
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