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When can Healey hold a Budget?

Chancellor John Healey announced this payment in his first Budget on Wednesday. While Budgets often happen annually, a new Chancellor or significant economic changes can prompt an earlier one. This allows the government to set out its spending and tax plans, like the £100 energy payment, as needed.

Stories that explain this

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

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

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