Brief
Chancellor John Healey to deliver Autumn Budget on Oct. 28
The budget, the first under Prime Minister Andy Burnham, will be presented on Oct. 28 with hints of pension reform, first‑home support and tax policy debates.
By Felo News Desk · Published
Chancellor John Healey is set to deliver the UK Autumn Budget on Wednesday, 28 October, shortly after Prime Minister's Questions in the House of Commons, according to Standard.co.uk.
What happened
The budget will be the first under Prime Minister Andy Burnham and is expected to reveal Labour's economic priorities. Healey has pledged a budget that will "move money and power out of Westminster and into every postcode around Britain" while emphasizing "fiscal discipline" to give businesses and families planning stability.
What the reports add
The Standard notes that Burnham has not ruled out tax rises, a point raised by the Tories during September PMQs. Potential reforms mentioned include changes to inheritance tax and a possible land‑value tax, though no specific measures have been confirmed.
What was said
Healey’s office is quoted as saying the government wants to provide stability for planning ahead. Burnham, speaking at a recent event, promised to remove VAT from domestic energy bills from 1 October to ease household pressure.
How it came about
Earlier this month, Felo News reported on Healey’s decision to drop a proposed expansion of the mansion tax, signalling a cautious approach to new levies. The same outlet highlighted Conservative calls for a flat‑tax budget and the shrinking fiscal headroom caused by higher borrowing costs linked to the Iran war, which may force the Chancellor to consider tax rises or spending cuts.
Key facts
- The Autumn Budget will be presented on 28 October 2026. (standard.co.uk)
- Chancellor John Healey will deliver the statement after Prime Minister's Questions. (standard.co.uk)
- Burnham has not ruled out tax rises, with discussions on inheritance tax and land‑value tax. (standard.co.uk)
- The government plans to change the State Pension Triple Lock from April 2030. (standard.co.uk)
- A new scheme called "Your First Home" will offer a 20% equity loan for first‑time buyers with a 2.5% deposit. (standard.co.uk)
Sources
- [1] standard.co.uk — originally reported as “When will Chancellor John Healey announce the 2026 Budget?”
