# John Healey's Autumn Budget Announcements

> Chancellor John Healey's first Autumn Budget includes energy bill cuts, tax hikes, and support for households and businesses.
- Title: John Healey's Autumn Budget Announcements · MoneyWeek
- Summary: Chancellor John Healey's first Autumn Budget includes energy bill cuts, tax hikes, and support for households and businesses. Chancellor John Healey…
- Keywords: chancellor john healey, autumn budget, energy bill, tax changes, household support, business incentives, defence spending, national living wage, cash isa, first time buyer, John, Healey's
- Source: MoneyWeek — https://moneyweek.com/personal-finance/john-healey-chancellor-autumn-budget
- Published: 2026-10-28T17:35:34+00:00
- Read time: 1 min
- Topics: chancellor john healey, autumn budget, energy bill, tax changes, household support, business incentives, defence spending, national living wage, cash isa, first time buyer
## Budget Focus
Chancellor John Healey announced policy changes to address rising living costs and energy bills in his first Autumn Budget.
## Defence Spending Commitment
The government committed to fully funding the £15 billion Defence Investment Plan, including £4.7 billion previously unfunded.
## Ukraine Support
The chancellor pledged over £10 billion in additional economic and military support to Ukraine.
## Business Tax Surcharge
A surcharge on banks' profits will rise from 3% to 6% for 15 months starting in January 2027.
## High Street Business Rates
The threshold for high street shops paying business rates in England will increase from £12,000 to £18,000 from April 2027.
## Vape Shops and Gaming Centres
Vape shops and adult gaming centres in England will no longer benefit from business rates relief from April 2027.
## Gambling Machine Taxes
Taxes on gambling machines will hike from 20% to 25% for higher stakes machines from next April.
## Tax on Foreign Firms
The government wants to close a tax loophole allowing foreign firms to sell services to UK businesses without accounting for UK VAT.
## Saver and Landlord Taxes
Tax rates on income from property or savings outside tax-wrappered accounts will rise by 2% from April 2027.
## Household Energy Payment
A £100 'Household Energy Payment' will be made to up to 20 million households in England from January 2027.
## Energy Bill Support
The VAT cut on electricity bills will be extended to 1 July 2027, taking £50 off the average energy bill.
## Business Incentives
The National Wealth Fund and British Business Bank will receive an additional £20.4 billion in government funding to boost investment and business growth.
## Key takeaway

Chancellor John Healey announced energy bill support, tax changes, and business incentives in his first Autumn Budget.