Chancellor John Healey Sets October 28 for First Budget Presentation

Chancellor John Healey revealed that his first Budget will be presented on 28 October, describing it as a plan that moves money and authority from central government to every postcode across Britain. He emphasized that the Budget will be grounded in fiscal discipline and will respect the administration's spending and borrowing limits. The finance minister highlighted that the measures are intended to give businesses and households the certainty needed for future planning.

Prime Minister Andy Burnham echoed the pledge to follow Labour's fiscal rules and the party's 2024 manifesto promise not to increase income tax, value-added tax or national insurance contributions. The announcement was made via a video message, and further details are expected to follow as the date approaches.