Andrew Tully looks ahead to 28 October when chancellor John Healey makes his first Budget speech...
The UK Budget on 28 October is likely to be one of the more closely watched fiscal events of recent years. The chancellor faces a difficult balancing act to restore fiscal headroom, meet spending commitments and maintain market confidence, while also working within a clear political constraint. The new prime minister and chancellor, Andy Burnham and John Healey, have committed to Labour's 2024 manifesto position to not increase income tax, VAT or National Insurance for working people. That pledge limits the most obvious revenue-raising levers, although it doesn't remove the need to find ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes



