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Explained in plain English

What is a financial bill?

A financial bill, also known as a money bill, is a special type of proposed law in the UK that deals only with national finances, like taxes or government spending. John Healey's Budget, which includes the £100 energy payment and the bank profits tax, would be introduced as a financial bill.

Stories that explain this

Healey's £100 energy payment: 1.4M poor families will miss out

Questions this opens up

What is the King's Consent? What is the 'parliamentary ping-pong'? What is the Salisbury Convention?

Related explainers

Why do 1.4m families miss out? Who approves the Budget? How does bank profits tax work? Have banks been taxed before? When can Healey hold a Budget? Does the Lords approve the Budget? Who pays for the Lords? Who sits in the House of Lords?

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