Budget 2026: Inside John Healey's First Fiscal Statement as Chancellor
Chancellor John Healey explores new revenue measures to address tight public finances following the Resolution Foundation’s estimate of a £12 billion reduction in fiscal headroom.
- Chancellor John Healey will deliver his first Autumn Budget on Wednesday, October 28, 2026, outlining Prime Minister Andy Burnham's economic priorities for the government.
- Soaring borrowing costs and inflation reaching a five-month high in August have strained the government's ability to fund public services, forcing difficult fiscal choices.
- Proposed measures include raising the bank surcharge from 3% to 8% and implementing VAT enforcement for online marketplaces like Amazon and eBay to raise revenue.
- Speculation has intensified about an early election, with analysts noting that more than 130 seats could be at stake if Burnham seeks a 2027 vote.
- The government must balance "fiscal discipline" with manifesto commitments to fund public services and provide immediate cost-of-living relief, a long-term challenge for credibility.
44 Articles
44 Articles
Five things investors, households and businesses need from Healey’s first Budget - London Business News
John Healey walks into his first Budget with less room than any chancellor would want and more people demanding something from it than any chancellor could satisfy. Households want help… The post Five things investors, households and businesses need from Healey’s first Budget appeared first on London Business News
Next Wednesday, Chancellor Healey delivers the Budget statement, MP Burnham’ first
Each year UK’s Chancellor of the Exchequer makes the Budget statement to the House of Commons outlining the state of the economy and the Government's proposals for changes to taxation. The government of PM Andy Burnham has announced that the Budget will take place this week on Wednesday 28 October 2026 and delivered by Chancellor MP John Healey. The last Budget was delivered Wednesday, 26 November 2025.
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