The first budget of the UK Chancellor of the Exchequer, John Healy, has drawn criticism for its new taxes, weak growth forecast and expected decline in living standards. The plan, presented on 28 October, aims to raise tax revenues by 7 billion pounds a year, while the economy is expected to grow by just 1% in 2027. The Office for Budget Responsibility has warned that real disposable income per person in a household will be 420 pounds lower than…