# Healey expected to target banks and retailers for Budget cost-of-living support

- URL: https://talkfuse.com/story/what-to-expect-in-tomorrows-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-arent-coming/
- Published: 2026-10-27T15:55:18+00:00
- Updated: 2026-10-27T16:18:08+00:00
- Original publisher: Daily Mail (publisher lean: Right)
- Original article: https://www.dailymail.com/news/article-16242313/What-expect-tomorrows-Budget-John-Healey-set-raid-banks-crackdown-Amazon-help-fund-cost-living-help-fuel-duty-freeze-welfare-cuts-arent-coming.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
- Topics: Business, Economy, Markets, UK, World

## Key points

- Healey is expected to offer targeted cost of living support.
- Banks and online retailers could face new charges.
- Major welfare changes are expected next year.

## Summary

Chancellor John Healey is expected to use his first Budget to offer targeted help with living costs while limiting new spending, as strained public finances and economic uncertainty leave little room for major giveaways. Measures are reportedly set to include energy bill support for poorer households, a fuel duty freeze, help for first-time buyers and tax relief for smaller businesses, funded partly by new taxes or levies on banks and online retailers.

The Budget is due to be presented to MPs at 12.30pm on Wednesday, with welfare changes expected next year rather than in this announcement. The Government’s fiscal buffer, forecast at about £24 billion in March, may have fallen to around £12 billion, according to the Resolution Foundation. Frozen income tax thresholds are also set to continue, drawing more people into higher tax bands; meanwhile, a proposed allowance for low-income pensioners aims to address the state pension rising above the £12,570 personal allowance.

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