5 result(s) for “Cost of living”
Chancellor John Healey set out his first Autumn Budget on 28 October 2026, seeking to thread fiscal discipline with targeted support for households and investment, while markets watched gilt yields and the Office for Budget Responsibility updated its forecasts.
With Chancellor John Healey due to deliver his first Autumn Budget on October 28, market analysts and financial institutions in London said on October 22 they were positioning for a statement that must balance growth priorities with strict fiscal credibility. Investors will watch gilt yields, bank shares and corporate tax signals for what the government is prepared to fund.
Chancellor John Healey has rejected calls to equalise capital gains tax with income tax ahead of his first Budget on October 28. The decision narrows the Treasury's options for raising revenue and shifts attention to bank levies and selective measures to plug the fiscal gap.
New Worldpanel by Numerator figures show supermarket prices rose 2.5% in the four weeks to October 4, prompting shoppers to rely more on special offers and boosting discounter sales while raising fresh concerns about energy driven cost pressures.
Ofgem raised the energy price cap for October to December 2026, while the government rebate of VAT on domestic electricity, introduced earlier in October, leaves a gap between headline help and bills many households will still face. The combined measures are reshaping household budgets and corporate cost forecasts ahead of the Autumn Budget.