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‘Budget is bold enough’ despite limited ‘room for manoeuvre’, Andy Burnham says

The package targets cost-of-living pressure with tax rises on banks and gambling, while ministers say fiscal rules are still being met.

  • Following the October 28 Budget, speculation intensified that Prime Minister Andy Burnham might call an early general election, with commentators suggesting he could seek a personal mandate rather than serve out his full five-year parliament.
  • Chancellor of the Exchequer John Healey delivered a modest Budget last Wednesday, prioritizing small-scale measures to address cost-of-living pressures while adhering to fiscal rules set by Rachel Reeves.
  • Ipsos polling earlier this week placed Labour at 32 per cent, an 8-point lead over the Conservatives, with Election Maps UK projecting this could yield an overall majority for the governing party.
  • Prime Minister Burnham has formally ruled out calling a general election in the next 12 months, stating he is focused on implementing his 10-year plan rather than party political prospects.
  • The Office for Budget Responsibility warned of a 'pretty grim picture' for economic growth through 2029, while analysts suggest Burnham must weigh risks of waiting as polling leads could deteriorate by Christmas.
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politicalbetting.com broke the news on Friday, October 23, 2026.
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