“UK Budget 2026: Alcohol Prices Up, Rail Fares Frozen, State Pension Increase”

The Budget announcement included significant changes set to take effect on specific dates. Alcohol prices will increase by 3.66% in February 2026, affecting products like Prosecco, red wine, and gin. Rail fares in England will remain frozen until 2027, a relief for commuters. The two-child benefit cap under Universal Credit will be removed in April 2026. State pension will rise by 4.8% in April 2026, reaching £241.30 per week. DWP benefits and car tax will also see increases from April 2026. Energy bills are expected to decrease by £150 starting April 2026. The minimum wage will rise to £12.71 per hour for workers aged 21 and over. NHS prescription costs will stay at £9.90 per item. The 5p fuel duty cut will end in September 2026. Cash ISA limits will be reduced to £12,000 for under-65s in April 2027. Tax rates on savings and property interest will increase from April 2027. Student loan repayment thresholds will be frozen from April 2027. Pensions will be subject to Inheritance Tax starting April 2027. Properties worth over £2 million will face a mansion tax from April 2028. Electric vehicle drivers will pay mileage taxes from April 2028. Help to Save scheme will become permanent from 2028. The freeze on tax thresholds will end in April 2031, potentially affecting more taxpayers.