How the Budget affects you

Families facing cost-of-living pressures are being offered some help, or breathing space as Chancellor John Healey is calling it. The help comes as prices are rising faster than expected with annual energy bills in particular likely to increase by around £300 or more in January. If you are living in a home in council tax bands A to D in England, you will receive a one-off £100 Household Energy Payment from January, funded by extra tax on banks. It will be paid directly into your bank account. You can find your council tax band by looking on your annual bill, or by looking on the government's website, external - although that was struggling to cope with traffic after the announcement.