Gen Zs and younger millennials have felt a post- Budget boost but the Chancellor has failed to get the backing of older investors, new research suggests.

Chancellor John Healey said he was providing “breathing space” to households and businesses at a time when the cost of living is rising, announcing measures such as a one-off £100 energy payment.

But he also unveiled tax rises including on property rental and savings income in a bid to raise more cash for the Treasury.

John Healey has set out his first Budget as Chancellor with a bid to provide “breathing space” for the public amid a difficult domestic economic situation made worse by the turmoil of the Iran war.

Around 78% of Gen Z investors and 68% of millennials feel positively about last month’s Budget, according to research by Charles Stanley Direct.

Younger investors are also inspired to turn to AI tools to help them work out the next steps – with around half of Gen Zs saying so.

The survey of 1,000 DIY investors in the UK – meaning those who…