# Budget winners and losers: pensioners and households gain as banks and betting shops hit

- URL: https://talkfuse.com/story/budget-winners-and-losers-pensioners-and-households-gain-as-banks-and-betting-shops-hit/
- Published: 2026-10-28T17:37:02+00:00
- Updated: 2026-10-28T19:14:35+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/uk-news/2026/oct/28/budget-winners-and-losers-pensioners-and-households-gain-as-bankers-and-betting-shops-hit
- Topics: Business, Government, Politics

## Key points

- A £100 energy payment is planned for households in council tax bands A to D.
- Pensioners’ state pension will rise to £13,036 next April.
- Banks, betting shops and some savers face higher taxes.

## Summary

The Budget, John Healey’s first as chancellor in the Burnham government, offers some help with living costs while raising taxes for banks, betting shops and people with savings or rental income. Its measures also leave some groups, including students with plan 2 loans, without the relief they had hoped for.

Households in council tax bands A to D are due a £100 energy payment this winter, while the state pension will rise to £13,036 next April and pensioners will receive a matching personal allowance. The Budget also supports small alcohol producers, first-time buyers and some electric vehicle drivers. Banks face a temporary surcharge increase from 3% to 6%, betting machine tax will rise from 20% to 25% in 2027, and tax on savings interest and property income will increase; the OBR says higher landlord costs could put pressure on rents.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.