<p>Few surprises as chancellor uses low-key speech blaming ‘global economic storms’ for stoking energy prices and cost of living crisis</p><ul><li><p><a href="https://www.theguardian.com/uk-news/2026/oct/28/budget-2026-key-points-john-healey">Budget 2026: key points at a glance</a></p></li><li><p><a href="https://www.theguardian.com/money/2026/oct/28/budget-briefing-the-key-questions-answered-by-heather-stewart-and-pippa-crerar">Briefing: key questions answered by Heather Stewart and Pippa Crerar</a></p></li><li><p><a href="https://www.theguardian.com/commentisfree/2026/oct/28/the-guardian-view-on-labours-budget-bold-ambitions-and-welcome-first-steps">Editorial: Budget’s bold ambitions and welcome first steps</a></p></li></ul><p>John Healey raised taxes on banks and landlords to fund a £100 winter handout for 20 million families as official forecasts made clear there is no end in sight for the cost of living crisis.</p><p>In his first budget, the chancellor blamed “global economic storms” for the grim outlook, as the war in Iran drives up oil and gas prices.</p> <a href="https://www.theguardian.com/uk-news/2026/oct/28/budget-2026-healey-hikes-taxes-on-banks-and-landlords-to-fund-100-handouts-to-20m-households">Continue reading...</a>
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Budget 2026: Healey hikes taxes on banks and landlords to fund £100 handouts to 20m households
<p>Few surprises as chancellor uses low-key speech blaming ‘global economic storms’ for stoking energy prices and cost of living crisis</p><ul><li><p><a href="https://www.theguardian.com/uk-news/2026/oct/28/budget-2026-key-points-john-healey">Budget 2026: key points at a glance</a></p></li><li><p><a href="https://www.theguardian.com/money/2026/oct/28/budget-briefing-the-key-questions-answered-by-heather-stewart-and-pippa-crerar">Briefing: key questions answered by Heather Stewart and Pippa Crerar</a></p></li><li><p><a href="https://www.theguardian.com/commentisfree/2026/oct/28/the-guardian-view-on-labours-budget-bold-ambitions-and-welcome-first-steps">Editorial: Budget’s bold ambitions and welcome first steps</a></p></li></ul><p>John Healey raised taxes on banks and landlords to fund a £100 winter handout for 20 million families as official forecasts made clear there is no end in sight for the cost of living crisis.</p><p>In his first budget, the chancellor blamed “global economic storms” for the grim outlook, as the war in Iran drives up oil and gas prices.</p> <a href="https://www.theguardian.com/uk-news/2026/oct/28/budget-2026-healey-hikes-taxes-on-banks-and-landlords-to-fund-100-handouts-to-20m-households">Continue reading...</a>