Bank surcharge

U.K News / US News

UK Budget 2026 Energy Payment: £100 for 20 Million Households as Bank Surcharge Rises

Chancellor John Healey announced a £100 Household Energy Payment for about 20 million households in his first Budget on Wednesday 28 October 2026, funded in part by a temporary rise in the bank surcharge. The payment, worth £2.6 billion in total, will go to households in council tax bands A to D and will be paid directly into bank accounts.…