# UK budget cuts energy bills, taxes banks and boosts defence spending

https://mins.news/en/item/119313

- CNBC, 2026-10-28 14:55 UTC
- Economy
- Original: https://www.cnbc.com/2026/10/28/uk-autumn-budget-cost-living-defense-ai.html

> The U.K. budget lowers household energy costs, raises taxes on banks and directs billions to defence, Ukraine and artificial intelligence.

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