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UK ministers announce five everyday fixes before Budget

Published

Prime Minister Andy Burnham and Chancellor John Healey announced five measures to ease living costs before the Budget on Wednesday. They include a permanent higher tax-free mileage allowance and wider parental pay.

Ministers also plan to cut the tariff on kerosene used as heating oil. Parental pay will reach more than 150,000 parents each year, including self-employed fathers who previously missed out. Reports also said tariffs will be removed on more than 100 products, including a range of foods.

Reports said Healey will also announce details of the Your First Home scheme in the Budget. The Times reported that income caps would rise to £110,000 outside London and £140,000 in London. That detail is not officially confirmed.

Reports said Healey plans limited giveaways and a rise of nearly 4 per cent in the minimum wage for low-wage workers. Unnamed warnings say family incomes could fall by between £440 and £770 over this parliament.

Key facts

Who
John Healey (UK chancellor); Andy Burnham (UK Prime Minister); The Times (newspaper that reported the story); David Lynch (Press Association Political Correspondent (report author))
What
Ahead of the UK Budget, chancellor John Healey is reported to be planning measures for first-time homebuyers, energy costs and small businesses, with limited giveaways and a nearly 4 per cent minimum wage rise for low-wage workers. Warnings say family incomes could fall by between £440 and £770 over this parliament.
When
27 October 2026
Where
Britain, United Kingdom, Iran
Status
Reported

Elections Hot

What you need to know

Voting in the 2026 Local Government Elections is under way at 23,696 stations, and the Electoral Commission of South Africa (IEC) reported a smooth start on 4 November. Stations opened at 7am and close at 9pm, and by 10am preliminary figures showed 3,523,691 voters had cast ballots.

There were problems: unused ballot papers were stolen from Mnyameni Secondary School near Durban, police opened a case, and the IEC relieved the station staff of duty. Some voters in Tshwane said they were turned away for wearing party shirts, but the IEC denied this and said only mayoral candidates' entourages were barred.

ANC chairperson Gwede Mantashe told members not to query the results or discredit the IEC, while the IEC said false online claims show routine procedures as fraud.

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US mid-terms Heating up

What you need to know

Democrats won back both the US House and Senate in the midterm elections held on 3 November, according to media projections. Exit polls showed voters were angry about high prices and the direction of the country, and rebuked President Donald Trump.

Before the vote, US forces struck targets on Qeshm Island in Iran, while Republicans struggled to defend the war against Iran on the campaign trail. Iranian officials said US voters rejected the war, and Tehran stayed on high alert for possible new US strikes.

Markets reacted, with the dollar hitting a one-month low and the rand firming to around R16.55, as analysts pointed to fears of gridlock in Washington.

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AI Cooling

What you need to know

Nvidia has told its cloud computing clients to sell at least 51% of their services to non-Chinese companies, according to five people with knowledge of the matter. Anthropic said it has committed to spend close to $900bn on AI infrastructure, and that its computing costs are rising faster than its revenues.

Elsewhere, reports from unnamed sources say OpenAI's latest funding round is falling short of expectations, and a judge let the NAACP pollution case against xAI proceed. In South Africa, the VAST AI investment scheme went offline on 30 October after withdrawals marked approved did not arrive, according to a news investigation.

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