Budget 2026: key points at a glance
Source: The Guardian ·
John Healey is announcing his financial update – here are the main points, with political analysisBudget 2026 live – latest updatesJohn Healey starts by saying that his budget is “delivered at a time when global uncertainties and pressures are swirling worldwide and hitting people here at home”.Healey says he will meet the fiscal rule that day to day spending must be covered by tax receipts and…
From the source
John Healey starts by saying that his budget is “delivered at a time when global uncertainties and pressures are swirling worldwide and hitting people here at home”. He says the administration will have a new approach to steer us through global economic storms and give people fresh hope for Britain’s future. He says it is an honour to deliver a budget as chancellor, before paying tribute to Rachel Reeves’s fiscal discipline. She took the difficult decisions required, he says. Trade tensions are acting as a drag on global economic growth, as is the war in Iran, he says. The UK did not want this war, and it has driven up costs for British families through higher energy costs and higher interest rates. The UK will spend £14bn more on debt interest this year. Fiscal discipline is his first priority as chancellor, Healey says. Peter Walker, senior political correspondent: A very immediate précis of the main political points of his first budget, with Healey talking up “breathing space” on…