What to expect in the Budget: John Healey set to raid banks and crack down on Amazon to help fund cost of living help and fuel duty freeze – but welfare cuts aren’t coming

John Healey will today unveil his first Budget as he battles with an increasingly parlous set of public finances and global economic turmoil due to the Iran war.

After 101 days as Chancellor, Mr Healey will set out his fiscal plans to the House of Commons amid growing warning signs about the UK economy.

The Chancellor is said to be planning a ‘steady-as-she-goes’ Budget with some key measures to provide ‘breathing space’ to hard-pressed Britons.

These are expected to include energy bills support for poorer households, a freeze to fuel duty, action to help first-time buyers, and tax relief for smaller businesses.

Mr Healey

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