What time is the Budget and what might be in it?

Household energy bills are set to see their biggest rise in four years in January, with a typical annual bill forecast to jump by £276.

Healey has announced that standing charges for household gas bills will be removed for about 23 million homes. These charges are fixed daily fees that are paid by households no matter how much gas they use, and average £108 a year.

The government says energy regulator Ofgem will aim to deliver the removal of these charges in 2027 or “as soon as possible after”.

However, this will be offset by higher unit costs for gas. Overall the Treasury estimates that three-fifths of households will see an average saving of £45 a year. Lower gas users will save more but higher users will end up with bigger bills than they have now.

The government also plans to remove tariffs from 100 food items, which it calculates could save households up to £21 per year – or 40p a week – when combined with existing tariff suspensions that were introduced in June.

The BBC understands the chancellor will keep fuel duty frozen at the Budget and keep in place the 5p fuel duty cut introduced by Rishi Sunak in 2022, as first reported by The Sun, external.