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Cost of living correspondent

Families facing cost-of-living pressures are being offered some help, or "breathing space" as Chancellor John Healey is calling it.

The help comes as prices are rising faster than expected with annual energy bills in particular likely to increase by hundreds of pounds in January.

Here's how the key announcements in the Budget affect you and your money.

Energy bills

If you are living in a home in council tax bands A to D in England, you will receive a one-off £100 "Household Energy Payment" from January, funded by extra tax on banks.

It will be paid directly into your bank account.

Council tax bands are listed below - you can check which one you are in by looking at your annual bill or checking the government's website , external , although that was struggling to cope with traffic after the announcement.

Administrations in Scotland, Wales and Northern Ireland will receive the equivalent funding, and they will decide whether to introduce the…