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Budget 2026 live: chancellor says scrapping gas standing charges will save 60% of homes £45 a year

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The UK government is scrapping gas standing charges to save most households £45 annually, a move criticized by the Green Party as insufficient to address the cost of living crisis.

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John Healey says UK faces ‘difficult moment’ as he prepares to deliver first budget of Andy Burnham’s governmentYou be the chancellor: play our budget game to see if you can balance the booksThe Green party has put out this response to the news that gas standing charges will be abolished. A spokesperson said:Abolishing standing charges is more tinkering from a government that is failing to take the bold action needed to end the cost of living crisis.Energy bills have skyrocketed in recent years and are set to rise by hundreds of pounds again this winter.The biggest issue in energy right now is that we’re expecting a 27% rise in the price cap in January. I asked the Chancellor whether he will be intervening on that. He told me I’d have to wait for the budget, but reading between the lines, yes, there will be an announcement today.Whether it’s an increase in the Warm Home Discount, or whether it’s council tax band, or whether it’s done via a payout for people in say council tax bands A-D as a proxy for household income as Rishi Sunak did who knows. Continue reading...

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