Your pay, energy bills and savings: How the Budget affects you
Source: BBC ·
Changes announced by Chancellor John Healey in his first Budget will affect your finances directly. Here's how.
From the source
Families facing cost-of-living pressures are being offered some help, or "breathing space" as Chancellor John Healey is calling it. The help comes as the cost of living - is rising with energy bills in particular expected to increase by almost £300 in January. Here's how the key announcements in the Budget affect you and your money. The chancellor has effectively revived cost-of-living payments, by announcing a £100 automatic payment made directly into bank accounts. He said that 20 million homes in council tax bands A to D in England will receive a £100 "Household Energy Payment", funded by extra tax on banks. You can find your council tax band by looking on your annual bill, or by looking on the government's website , external - although that was struggling to cope with traffic after the announcement. Administrations in Scotland, Wales and Northern Ireland will receive the equivalent funding, and they will decide whether to introduce the same payment. This is designed to help with…