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Burnham’s Budget Delivers £100 Energy Payments for 20M

By Drooid · Oct 30, 2026 · How we work

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Summary

Prime Minister Andy Burnham presented the budget on 28 October 2026, delivered by Chancellor John Healey.
The budget uses temporary levies and targeted spending, not broad tax hikes.
It offers a £100 Household Energy Payment to 20 million households, funded by £2.6 billion.
It earmarks £20.4 billion for the Wealth Fund and British Business Bank to create 140,000 jobs.
It keeps defence spending at 3 % of GDP by 2030 and funds the Defence Investment Plan.

History

In October 2008 Prime Minister Gordon Brown announced a £20 billion stimulus, including a £5 billion Home Energy Efficiency Programme that insulated about 3 million homes by 2010. The Treasury and Bank of England used that targeted fiscal relief to stabilise consumption during the banking crisis. Today’s £100 Household Energy Payment echoes that precedent, aiming to shield households from volatile fuel costs.

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In October 2008 Prime Minister Gordon Brown announced a £20 billion stimulus, including a £5 billion Home Energy Efficiency Programme that insulated about 3 million homes by 2010. The Treasury and Bank of England used that targeted fiscal relief to stabilise consumption during the banking crisis. Today’s £100 Household Energy Payment echoes that precedent, aiming to shield households from volatile fuel costs.

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