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Healey previews 'everyday fixes' Budget as energy costs bite

By ChordNews · First written (updated )

Minimum wage set to rise but 18-20 year-olds will not get bigger increase
Image: bbc.co.uk
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Summary

Chancellor John Healey is preparing a Budget focused on 'everyday fixes' as energy costs bite. The Financial Times reports that the Budget will offer limited giveaways to ease the cost of living and help for first-time homeowners. The BBC reports that Healey will reveal new pay rates in the Budget, including a slower increase in the minimum wage for 18- to 20-year-olds, and has also announced measures to help households with the cost of living.

Later: Budget sets out measures affecting under-25s, from housing to minimum wage

Timeline

  1. Financial Times

    Source ↗

    The Financial Times reports that Healey is focusing the Budget on 'everyday fixes' as energy costs bite, with limited giveaways to ease the cost of living and help for first-time homeowners.

  2. BBC

    Source ↗

    The BBC reports that Chancellor John Healey will reveal new pay rates in the Budget, with the minimum wage increase for 18- to 20-year-olds set to slow, and has announced measures to help households with the cost of living.

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