Budget 2026: What Will Be in John Healey’s First Budget as Chancellor

Budget 2026: What will be in John Healey’s first Budget as Chancellor

Speculation is growing ahead of Wednesday’s statement

Healey’s Budget needs to sustain the stronger economy through gathering clouds

The economic is positive now but come January things could become trickier for the Labour government

Tories and banks believe Healey’s ‘boring Budget’ could signal early election

With the chancellor set to unveil what is expected to be a ‘steady-as-she-goes’ Budget on Wednesday, speculation over an early election has been fuelled further by an new poll which suggests Labour can win a big majority

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.