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BUSINESS · OCT 25, 2026
John Healey Pledges Energy Cost Relief for UK Businesses
Chancellor John Healey plans to prioritize energy cost assistance and eliminate regulatory paperwork to save British businesses an estimated £800 million annually.
UK businesses are calling for the removal of electricity bill levies in the upcoming budget to alleviate operational costs. John Healey, the Chancellor of the Exchequer, has identified energy cost assistance as a top priority for firms, pledging to provide companies with breathing space to recover.
To further support the private sector, Healey intends to eliminate regulatory paperwork, a move he estimates will save businesses £800 million a year. The Chancellor stated that his objective is to be a leader who "backs business in Britain making a profit."
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