Cobley Desborough

🧳 Budget 2026: Key points at a glance. 🧳 ✍️ As we continue to digest the measures and the impact of yesterdays Budget here is a useful @BBCWorld guide to the key points. 🔗 Read now at bbc.co.uk/news/articles/c6x2… #Budget2026

🧳 Budget 2026 calculator: find out if you are better or worse off. 💻 Use this interactive tool from The Guardian to see how you have been affected by John Healey’s tax and spending announcements. 🔗 Go to theguardian.com/uk-news/2026… #Budget2026

… and that is the end of the Budget 2026 announcement by the Chancellor … Look out for the @CobDes Budget 2026 Summary in the next few days. #Budget2026

Checking your council tax band may need patience after Healey's announcement. The chancellor said 20 million homes in council tax bands A to D in England will receive a cost-of-energy payment. #Budget2026

Adjusted triple lock will save £15bn a year by end of 2030s. Healey moves on to the government's approach to welfare, pointing out his refusal to write off young people not in employment, education and training (Neets), and disabled people. #Budget2026

Chancellor announces review of NHS productivity amid 'digital overhaul' of government. Healey talks about spending reviews and the need to prioritise through a "digital overhaul of government". #Budget2026

Banks' share prices rise after surcharge announcement. Banks have seen their share prices jump following Healey's smaller than forecast surcharge which will remain in place for just 15 months. #Budget2026

All business rates to be retained locally by 'end of decade'.’ The chancellor announces plans to devolve tax revenues, calling it a "roadmap to fiscal devolution". He says that "100% of business rates will be retained locally by the end of the decade". #Budget2026

Healey announces 'founders' relief' for firms. Healey has announced a new trading allowance, raising the amount people can earn from a new venture tax-free from £1,000 to £3,000. #Budget2026

Smaller tax rise for banks than some expected. There was speculation Healey could charge banks an extra 5% or even 8% tax. The chancellor’s gone for 3% instead. That will be on top of the 25% corporate tax rate. #Budget2026

Smaller rise in minimum wages for young workers confirmed. Workers aged between 18 and 20 years old will see their pay rise by 3.9%. That's the same increase as those aged 21 years and over. #Budget2026

Chancellor's business rates cut will be welcomed. The chancellor said he will cut business rates to zero for 70,000 businesses by raising the threshold for those who have to pay it from premises with a rateable value of £12,000 to £18,000. #Budget2026

Tax free ISA allowance to remain at £20,000. Healey confirms he will not go ahead with the cut to the tax-free amount that people can put into a cash ISA - it will remain at £20,000 annually. #Budget2026

Tax office handed powers to 'collect overdue tax' from those who can afford to pay and ignore requests. Everything in this Budget, the chancellor says, is "fully funded". #Budget2026

Thousands of businesses taken out of paying interest rates. Healey says he wants businesses to invest, to recruit, to expand and is therefore taking action to support highstreets. #Budget2026

Fuel duty cut further extended. Healey has announced a further extension of the 5p fuel duty cut until next July. #Budget2026

VAT cut on energy bills extended and gas standing charge removed. Chancellor John Healey says he will extend the VAT cut on electricity through the winter and spring to July. This action will take "£50 off the annual price cap", he says. #Budget2026

It's a mixed picture for economic growth. The OBR gives a mixed outlook on the strength of the UK's economy. It expects GDP to expand by 1.2% this year - that's better than its outlook in March. #Budget2026

UK set to spend £14bn more on debt interest this year. Healey says what we face today are "global economic storms". He adds that the OBR sets out that the war in the Middle East is a key driver affecting today's forecast. #Budget2026