Friday 31 July 2026 3:21 pm
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Friday 31 July 2026 3:27 pm
Healey said the Budget would 'back British jobs' (Rousseau/PA Wire)
John Healey has confirmed he will deliver his first Budget on 28th October as he pledged to “shift power and money out of Westminster”.The Chancellor said on Friday that his first fiscal statement would “back Britain’s communities” setting the stage for a Budget that economists have predicted will be the country’s third in a row in which the overall tax burden will rise.“This will be a Budget that… will be built on fiscal discipline,” he said. “It will meet our fiscal rules. It’ll give businesses and families some of the stability they need to plan for the future.”Speculation over when Andy Burnham and Healey will call their inagural fiscal intervention had been growing, after the pair announced a flurry of unfunded spending measures in their first few days of office. Several think tanks and analysts have already predicted the Healey will need to raise taxes to the tune of tens of billions of pounds he his stay within the government’s self-imposed fiscal rules.
