Key facts
- Chancellor John Healey will deliver his first Budget on October 28.
- The government aims to support British jobs and communities.
- The government aims to provide stability for businesses and families.
- Economists predict tax increases will be necessary.
- Tax increases are predicted to adhere to fiscal rules.
Chancellor John Healey has announced that his first Budget will be delivered on October 28. The government intends for this Budget to support British jobs and communities, and to provide stability for both businesses and families. While the stated goals are to foster stability, economists are forecasting that tax increases will likely be necessary for the government to comply with its fiscal rules. The specific details of the Budget's proposals remain to be seen, but the announcement sets a clear date for the government's fiscal plans to be laid out.