3 result(s) for “Office for Budget Responsibility”
Chancellor John Healey set out his inaugural Budget on 28 October 2026, balancing renewed fiscal discipline with limited targeted support for households and housing; Office for Budget Responsibility forecasts, market moves, and political responses followed within hours.
The UK government has scheduled Chancellor John Healey’s first Autumn Budget for Wednesday October 28, 2026. With ministers promising to pair fiscal discipline with measures to shift spending and decision making out of Westminster, officials and City advisers expect the package to prioritise regional investment, targeted tax measures and funding for public services.
Chancellor John Healey has not ruled out raising the bank profits surcharge in his first Autumn Budget on October 28, a move that has weighed on UK bank shares and drawn caution from the IMF. The proposal would be intended to raise revenue to close the fiscal gap created by higher borrowing costs and energy shocks.