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Budget 2026 live: gas standing charges to be scrapped for millions as chancellor prepares to deliver budget

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The UK government plans to eliminate gas standing charges and pursue removing electricity standing charges, significantly reducing household energy costs for millions.

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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 booksMartin Lewis said that, when he met John Healey this morning, the chancellor said that, having removed standing charges from gas bills, he would also like to get rid of them from electricity bills. Lewis said:The chancellor said he will be talking to Ofgem about how they get rid of the charge on electricity as well, but that is ‘trickier’ apparently and will take longer. Continue reading...

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