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Healey Announces £100 Payments for 20 Million Households

By Drooid · Oct 29, 2026 · How we work

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Summary

Chancellor Jeremy Healey announced a cost-of-living package that includes £100 payments to 20 million households.
The Resolution Foundation said the support gap between the poorest and richest households is £14, indicating limited targeting.
Resolution Foundation analysis expects typical annual energy bills to rise to £1,750 in 2026-27 after government support.
Healey told the BBC the Office for Budget Responsibility reported debt-service costs rose £14 billion this year due to global conflicts.

History

During the 2008-09 crisis the UK government, led by Chancellor Alistair Darling and backed by the Bank of England, injected up to £137 billion in cash and a £50 billion rescue package to stabilise banks. That large fiscal shock set a precedent for using emergency spending to protect households, a logic echoed today as £100 payments reach 20 million families facing soaring energy bills.

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During the 2008-09 crisis the UK government, led by Chancellor Alistair Darling and backed by the Bank of England, injected up to £137 billion in cash and a £50 billion rescue package to stabilise banks. That large fiscal shock set a precedent for using emergency spending to protect households, a logic echoed today as £100 payments reach 20 million families facing soaring energy bills.

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