UK Autumn Budget: Chancellor Healey announces £100 energy rebate for 20 million households and pledges an additional £10 billion in aid to Ukraine.
UK Chancellor of the Exchequer John Healey unveiled the Autumn Budget on Wednesday, announcing a one-off £100 (approximately $133) energy bill subsidy for 20 million households and pledging an additional £10 billion (approximately $13.2 billion) in economic and military aid to Ukraine. The budget also includes a temporary increase in the bank corporation tax surcharge from 3% to 6%, expected to generate an additional £1.5 billion (approximately $2 billion) in revenue, and a 3.9% increase in the National Minimum Wage and National Living Wage. Furthermore, Healey announced a £15 billion (approximately $20 billion) defense investment plan and plans to introduce a new "First Homes Savings Account."
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