- Energy Bills - Standing charges will be scrapped on gas bills for about 23 million homes from 2027 or as soon as possible after. Mr Healey said the government is extending its energy bill VAT cut “through the winter and spring to July”, which will “take £50 off the annual price cap”. The chancellor also announced that households in council tax bands A-D will receive a £100 payment to help with bills this winter.
- Wages - The National Minimum Wage and National Living Wage are set to increase by 3.9 per cent, Mr Healey confirmed, aligning percentage increases across age groups.
- Side Hustles - Mr Healey has confirmed that Britons can now earn up to £3,000 from side hustles without having to pay tax, as the trading allowance rises from £1,000.
- Business Rates - The tax threshold for small business rates relief for retail, hospitality and leisure businesses is set to increase from £12,000 to £18,000, it was announced.
- Banks - Mr Healey announced an “extra three per cent on the Bank Surcharge” which he said would “be time limited” - and used “to pay for immediate support on energy bills”.
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