Budget winners and losers: pensioners and households gain as banks and betting shops hit
Source: The Guardian ·
How the Burnham government’s first attempt to ease cost of living pressure pans out for key stakeholdersBudget 2026: key points at a glanceEvery budget has its winners and losers, and John Healey’s first as chancellor was no exception. While some gained from tax breaks and rule tweaks, others will either pay more, or had their hopes of reforms dashed. Here are some of those with reason to cheer,…
From the source
Every budget has its winners and losers, and John Healey’s first as chancellor was no exception. While some gained from tax breaks and rule tweaks, others will either pay more, or had their hopes of reforms dashed. Here are some of those with reason to cheer, or sigh: Everyone in a band A-D property: A £100 payment to help towards this winter’s energy costs. The payment is guaranteed in England from January. Other parts of the UK have been given funding to do the same. Pensioners: The state pension will go up to £13,036 next April, and pensioners will get a new matching personal allowance at the same time. The allowance will lift all income they receive to that level out of tax. Teenage tech bros – and other young entrepreneurs, in England: They will gain from a new allowance, which will give them support towards their living costs in the first year of their business. Independent cider makers, and brewers: More generous tax reliefs for small alcohol producers will help 2,000…