# Healey has launched yet another spiteful attack on the prudent – why I fear this is just the calm before the storm, says JEFF PRESTRIDGE

- URL: https://talkfuse.com/story/healey-has-launched-yet-another-spiteful-attack-on-the-prudent-why-i-fear-this-is-just-the-calm-before-the-storm-says-jeff-prestridge/
- Published: 2026-10-29T06:59:16+00:00
- Updated: 2026-10-29T11:34:14+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/money/saving/article-16246601/John-Healey-attack-prudent-Budget-fear-JEFF-PRESTRIDGE.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Americas, World

## Key points

- Savings interest tax rates are set to rise by a further two percentage points.
- The £20,000 annual cash ISA allowance remains for all adults.
- Energy and fuel support is extended, but bills are still expected to rise.

## Summary

The columnist says Chancellor John Healey’s Budget was gentler on household finances and small businesses than the previous two Budgets, but argues it contains a further tax rise for savers and landlords. He warns that the increase adds to one announced by Rachel Reeves and sees it as an unfair penalty on people who save or earn rental income.

From April, tax on savings interest is due to rise to 24% for basic-rate taxpayers, 44% for higher-rate taxpayers and 49% for additional-rate taxpayers. The Budget also keeps the annual cash ISA allowance at £20,000 for all adults, extends the fuel duty freeze and suspends VAT on electricity bills until next July, and provides a one-off £100 payment to 20 million households in council tax bands A to D. The writer says these measures may ease costs but will not prevent typical annual energy bills exceeding £2,000 next year, compared with a current price cap of £1,723.

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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.