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UK Set For Cautious Budget As Borrowing Costs Climb

The budget is expected to rely on a bank windfall tax and modest relief measures as fiscal headroom shrinks to £23.6 billion, the Treasury said.

Britain's finance minister John Healey will unveil his first budget Wednesday, as he juggles commitments to defence spending and easing household bills with little financial room to manoeuvre.
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Malay Mail broke the news in Petaling Jaya, Malaysia on Wednesday, October 28, 2026.
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