Wednesday briefing: We asked you - what do you want from the Burnham government’s first budget?
Summary
UK Chancellor John Healey is due to present the Burnham government’s first budget, which officials have described as low-key. The article says the government faces limits on spending and has previewed measures aimed at easing cost-of-living pressures, including help with winter energy bills and energy-market reforms.Key Facts
- Healey is scheduled to announce the budget in the House of Commons at 12:30pm.
- The government says the budget will offer support to low- and middle-income households.
- Healey has said he will follow Labour’s fiscal rules and has rejected calls to raise capital gains tax or lower the mansion tax.
- The article says the Iran war has raised borrowing costs and reduced the government’s spending power.
- The government plans to abolish a rule that has left some unpaid carers in debt.
- The government has paused plans to bring the lower minimum wage for workers under 21 in line with the rate for older workers.
- Expected measures include winter energy-bill support for poorer families and energy-market reforms intended to reduce bills.
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