The UK cuts energy bills, taxes banks and boosts defense in high-stakes budget
CNBC · Chloe Taylor ·
The U.K. budget cuts household energy costs, raises taxes on banks and directs billions toward defense, Ukraine and artificial intelligence
The U.K.'s finance minister John Healey delivered his first fiscal budget on Wednesday, announcing funding for defense, AI initiatives and measures designed to ease cost-of-living pressures.
The Autumn Budget included dozens of measures aimed largely at easing rising costs for Britain's population, but Healey was careful not to risk the ire of markets, which responded broadly positively to his plans.
Cost-of-living crisis