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UK Minister Plans Fifty Pound Gas Bill Cut

British finance minister John Healey plans to cut household gas bills by up to fifty pounds in his upcoming budget. He will scrap standing charges and curb energy levies.

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Britain's Chancellor of the Exchequer John Healey and Britain's Prime Minister Andy Burnham meet ahead of the Chancellor unveiling the budget, at 11 Downing Street in London, Britain, October 26, 2026. Alberto Pezzali/Pool via REUTERS

United Kingdom finance minister John Healey plans to cut household gas bills by up to £50 ($66.57) during Wednesday morning's budget address, according to the Telegraph. The move aims to ease consumer costs following recent spikes in Natural Gas wholesale prices. Investors are watching to see how the Treasury offsets the lost revenue.