John Healey delivers first Budget
The gist
UK Chancellor John Healey delivered his first Budget, aiming to give families and businesses "breathing space" from living costs.
He faces 3.5% inflation and debt past 3 trillion pounds, so markets are watching closely.
How it unfolded
- Jul 2026John Healey was appointed chancellor of the exchequer when Andy Burnham became prime minister.
- Oct 26, 2026Prime Minister Andy Burnham and Chancellor John Healey met ahead of the UK budget at 11 Downing Street in London.
- Oct 28, 2026Ahead of his statement, Healey abolished a charge that everyone pays on their domestic natural gas bills.