What help do you most want to see announced in the Budget to give your family more money in their pockets?
Chancellor John Healey will deliver the Budget on Wednesday next week(Image: Getty)
Chancellor John Healey will deliver his Budget next week as families continue to be clobbered by the cost of living.
But what help do you most want to see announced to give your household more money in their pockets? Let us know by taking part in our poll below.
The government is under pressure to help households with rising energy bills, with the Ofgem price cap expected to rise again this winter – just as temperatures drop and the heating gets switched on.
The Ofgem price cap for the typical household that pays by direct debit is currently set at £1,723 a year – but energy analysts at Cornwall Insight predict this could rise to £1,999 in January.
What do you want to see announced in the Budget? Answer our poll below or email us at mirror.money.saving@mirror.co.uk
The government introduced a VAT cut on electricity bills this month – but the Ofgem price cap still went up anyway due to higher wholesale costs from the war in the Middle East, wiping out any saving for households.
Drivers are also feeling the pinch at the pumps, after the price of diesel breached the £2 per litre mark for the first time earlier this month.
This has dipped slightly in recent weeks, with the average price now sitting at 199.31p per litre, according to RAC figures. The average price of unleaded petrol is 174.31p per litre.
The government is being urged by motoring groups to scrap a planned fuel duty rise in the new year. Fuel duty is due to rise by 3p in January, then by another 2p in March, reversing a previous 5p cut that has been in place since March 2022.
Meanwhile, food prices remain high. UK grocery price inflation ticked up to 2.5% in the four weeks leading up to October 4, 2026, according to data from the retail analysts Worldpanel by Numerator. This is up from 2.3% the previous month.
Tax thresholds are also still frozen, meaning more of your earned income is being taxed over time if your pay increases. The income tax personal allowance is set at £12,570 and is currently frozen until 2031, instead of rising yearly in line with inflation.
The freezing of tax brackets is known as fiscal drag, as more people are dragged into higher tax brackets over time when their wages increase.
It is also described as a stealth tax, as it is a way for the government to collect more tax without actually putting up the rate of tax that people are paying.
