Atomic Canyon

The UK Budget 2026 focused on cost-of-living aid primarily, funded by tax increases on banks, savers, and landlords.

Cost of Living and Energy 📝

🪙 One-off £100 payment for 20 million households in council tax bands A–D during the winter.
🪙 Abolishing standing charges for 23 million households starting next year.
🪙 Temporary VAT cut on electricity extended to Jul 27.
🪙 5p fuel duty freeze on petrol and diesel extended until Jul 27.

Taxation and Savings 📝

🪙 Tax rates on property and savings income to increase by two percentage points starting Apr 27.
🪙 Employment and dividend tax rates remain unchanged.
🪙 Previous plan to lower the tax-free Cash ISA limit to £12k scrapped (remaining as £20k).
🪙 A new 'starter ISA' will be created for first-time investors.
🪙 Bank surcharge on top of corporation tax will temporarily double for 15 months starting Jan 27.

Wages and Everyday Costs 📝

🪙 Beginning 01/04/27, the National Living Wage rises by 3.9% to £13.21 ph.
🪙 Small business rate relief for retail, hospitality, and leisure properties increasing to £18k.
🪙 Eliminating tariffs on over 100 imported products, lowering everyday grocery costs.
🪙 Relief on kerosene and fertiliser for farmers.

We'll be covering these key measures in more detail, especially how it affects creative industries.

So stay tuned!

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