Chancellor John Healey has today delivered his Autumn Budget statement.
Some key points are outlined below:
- Extend the 5p fuel duty cut and freeze, while maintaining the Heavy Goods Vehicle (HGV) road tax holiday, to 1 July 2027.
- Increasing the National Living Wage and the National Minimum Wage rates by 3.9%.
- Expanding parental pay, including to self-employed fathers and partners for the first time.
- Deliver the British Industrial Competitiveness Scheme, meaning 10,000 energy intensive manufacturing firms will get a 20-25% electricity discount, starting in April 2027, including a back payment for 2026-27.
- Increasing the tax-free mileage rates for those who rely on their own vehicle for work.
For further information please select the following link: Budget 2026 document - GOV.UK.