UK businesses expect Chancellor Healey to cut energy bill levies

John Healey: John Healey serves as Chancellor of the Exchequer, having been appointed on 20 July 2026 after previously holding the role of Secretary of State for Defence. He is responsible for the Autumn Budget and has emphasized backing businesses while tackling high energy costs as a key concern for firms. Recent government actions under his tenure include removing VAT from electricity bills to provide relief. UK Government: The UK government, currently led by Prime Minister Andy Burnham, oversees national fiscal and economic policy through the Treasury. In this context, it has identified support for business energy costs as a top priority ahead of the upcoming budget. Chancellor John Healey is preparing measures to address levies on electricity bills for firms. Budget Focus: Help with energy costs has been identified as the government’s top priority for businesses in the lead-up to the Autumn Budget. Recent Relief: The government has removed VAT from electricity bills starting October 2026 to ease costs for households and businesses. Upcoming Announcement: The Chancellor is set to deliver the Autumn Budget on 28 October 2026, with potential further measures on energy levies.