Budget 2026 live: chancellor says scrapping of gas standing charges will save 60% of homes £45 a year
Summary
The article reports that the budget will remove gas standing charges, which the chancellor says will save about 60% of households £45 a year. The Conservatives called the change a shift of costs rather than a genuine reduction, while Martin Lewis said he expected a separate announcement on help with energy bills.Key Facts
- The chancellor said removing gas standing charges would save about 60% of homes £45 a year.
- Conservative treasury spokesperson Richard Fuller called the change “sleight of hand” and said costs would move to another part of bills or taxes.
- Fuller said the Conservatives had proposed removing VAT from energy bills and rolling back some net-zero-related charges.
- The Green party said removing standing charges was not enough to address the cost of living crisis.
- Martin Lewis said he asked the chancellor about support for energy bills from January but received no confirmation.
- Lewis said he expected an energy support announcement in the budget, while describing possible options as speculation.
- Lewis cited an expected 27% rise in the energy price cap in January.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
