Five key takeaways from the UK Autumn Budget

The United Kingdom’s government has announced its first budget since Andy Burnham became prime minister and leader of the Labour Party three months ago.Chancellor of the Exchequer John Healey unveiled his Autumn Budget on Wednesday, announcing a series of policies that he said were for the “working people of Britain”, who have experienced a dramatic decline in living standards in recent years. Healey said the budget would give the country “breathing space” after years of economic stagnation fuelled by austerity, Brexit, the coronavirus pandemic, privatisation and rising energy prices.Recommended Stories list of 3 itemslist 1 of 3Burnham’s government unveils its first UK budget: What to expectlist 2 of 3‘It’s magical’: London’s iconic Oxford Street goes vehicle-freelist 3 of 3‘Working our fingers to the bone’: Can the UK save its struggling high streets?end of listSo, what did Healey announce, and what will it mean for the average Brit?Energy costsGlobal fuel prices have soared in recent months because of the US-Israel war on Iran, which has prompted Tehran to close the Strait of Hormuz, a crucial waterway through which about 20 percent of the world’s oil and liquefied natural gas (...