Use our interactive tool to see how you have been affected by John Healey’s tax and spending announcements Healey keeps income tax thresholds frozen. How much more will you pay? Budget 2026: key points at a glance Budget 2026 live – latest updates Continue reading...
Budget 2026 calculator: find out if you are better or worse off
Source: The Guardian
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The Guardian
He promised fresh hope and delivered doom, but Dr Death’s budget succeeds in doing no harm | John Crace
Armed with 98 measures, a rictus grin and a decidedly comedy-free speech, the chancellor at least offered us – and Labour – some breathing space It was as if John Healey was taking the Hippocratic oath. First do no harm. For your first budget, this may be no bad thing: we can all think of plenty of chancellors who have done untold damage. Take a bow George Osborne. It might just have been better if the doctor that Healey had chosen to impersonate was not Dr Death. John can’t help looking like the last man you would want to stop by your hospital bed. Not everyone can have a naturally sunny disposition. His face seems to be carved out of despair. But it would be a big help if, when called upon to make his most important speech of the year, he didn’t reinforce the impression when he opened his mouth. A one-way journey to the slough of despond. Continue reading...
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Nigel Farage skips budget in Commons over seating ‘altercation’ concerns
Reform UK leader ‘shocked’ by £10bn pledged to Ukraine and doubles down on cutting tax for crypto investors Budget 2026 live – latest updates Budget 2026: key points at a glance Nigel Farage skipped the chancellor’s first budget because he was worried he would get in a “physical altercation” with another MP in a row over seating arrangements. The Reform UK leader admitted he was not present in the House of Commons but gave a press conference afterwards in which he said he was “shocked” by the £10bn going to support Ukraine and doubled down on his party’s policies on cutting tax for crypto investors. Continue reading...
The Guardian
Will Healey’s budget tackle the cost of living? – podcast
John Healey has delivered a ‘steady as she goes’ budget, with help for the cost of living a big theme. The chancellor promised a £100 energy payment for some households, extended the VAT suspension on electricity bills to next July and confirmed the scrapping of gas standing charges. But after months of the same old message of ‘hope in difficult times’, and many of the big decisions on tax and spending delayed until next year, what should we take away from today? Continue reading...
The Guardian
Burnham promised big change – where was it? Instead we got the Martin Lewis budget | Aditya Chakrabortty
The financial guru’s fingerprints are all over John Healey’s red book – but Lewis is not a politician. His everyday fixes can’t meet this turbulent moment Was this Andy Burnham’s budget – the bold vision of a new prime minister who burns with a passion to topple “40 years of neoliberalism”? Fat chance. Was it John Healey’s budget – the repair job of a cautious chancellor fretting about record-high taxes, £3tn of public debt and an economy stuck in first gear? Little sign of that. This budget was cast in the image of a man who isn’t in Burnham’s government or even a Labour politician – but who appears almost every day on TV, on podcasts and is probably better known than 649 of the MPs at Westminster. Today’s budget was the Martin Lewis budget. Aditya Chakrabortty is a Guardian columnist and the Guardian’s senior economics commentator Continue reading...
The Guardian
Bills, banks, ‘breathing space’: what was in Burnham’s first budget? - The Latest
In his first budget as chancellor, John Healey has pledged to offer ‘breathing space’ to help Britons navigate ‘global economic storms’. There were a record number of measures, including a one-off £100 energy payment to millions and a rise in the levy on bank profits. But the Conservatives have criticised the government for postponing big decisions, including on defence and welfare. Lucy Hough speaks to economics editor Heather Stewart – watch on YouTube Continue reading...
The Guardian
Budget winners and losers: pensioners and households gain as banks and betting shops hit
How the Burnham government’s first attempt to ease cost of living pressure pans out for key stakeholders Budget 2026: key points at a glance Every budget has its winners and losers, and John Healey’s first as chancellor was no exception. While some gained from tax breaks and rule tweaks, others will either pay more, or had their hopes of reforms dashed. Here are some of those with reason to cheer, or sigh: Continue reading...