John Healey’s budget leaves £28bn gap before ‘brutal’ spending review
The IFS says John Healey’s first budget leaves a £28bn gap, with unprotected departments potentially needing £17bn more in 2030-31 and defence requiring another £11bn.
Topic
John Healey
Topic
John Healey
Chancellor Healey retreats on welfare cuts as IFS warns of £28bn gap
Chancellor John Healey refused to commit to cutting the welfare bill this parliament as the IFS warned his budget leaves a £28bn-…
Healey's First Budget: Banks, Landlords and Gamblers Pay More
John Healey's first budget makes banks, landlords and gambling firms pay more, but the OBR sees mortgage burdens hitting 4.25% of…
Pensioners Win, Banks Pay: Who Gained and Lost in Healey's Budget
Healey's first budget lifts the state pension to £13,036 and pays £100 to band A-D homes, while banks pay £1.5bn extra and 1.4 mi…
Chancellor Orders 1% Department Cuts to Fill £4.7bn Defence Hole
Chancellor John Healey has ordered 1% capital budget cuts across government to fill a £4.7bn gap in the Defence Investment Plan,…
Bank surcharge capped at 6% as Healey's 'breathing space' budget splits panel
Banks escaped with a 6% surcharge, band A-D homes get £100 off energy bills, and £14bn of extra debt frames Healey's cautious fir…
UK Budget 2026: Healey Finds £20bn Headroom as Iran War Bites
Chancellor John Healey's first Budget finds £20bn of OBR headroom by 2030-31, but debt interest costs jump £14bn as the Iran war…
Chancellor Healey Set to Scrap £8,000 Cash Isa Cut in First Budget
John Healey will scrap plans to cut the cash Isa allowance from £20,000 to £12,000 in his first budget, opting to encourage share…
Healey's First Budget: Five Tax Battlegrounds Explained
Inheritance tax hit a record £8.5bn as CGT receipts surged 80% to £24.3bn. Ahead of John Healey's first budget, five levies are u…
Chancellor John Healey's First Budget: Billions in Taxes, Little Relief
Healey's 28 October budget will raise a few billion in taxes, offer a £1.5bn energy package, and lean on a fiscal headroom that t…
Chancellor Healey Pledges Budget Support for 'Bloody-Minded' Entrepreneurs
Chancellor John Healey promises regulatory cuts and backs profit-making entrepreneurs in his Oct 28 Budget, as national debt tops…