New chancellor Healey has confirmed his first Budget will be delivered on 28 October, alongside a pledge to shift money and power out of Westminster and into communities across Britain.
The new chancellor, Healey, has announced that his first Budget will be delivered on 28 October, according to the BBC.
The confirmation came on 31 July 2026, setting a firm date for what will be a closely watched fiscal statement as the chancellor sets out his economic priorities.
Alongside the announcement, Healey pledged to move money and power out of Westminster, signalling an intention to shift resources away from the centre of government.
The chancellor said he wanted that investment to reach “every postcode around Britain”, framing the coming Budget around the theme of wider distribution of funds and decision-making.
The BBC reported the announcement, though further detail on the specific measures the Budget will contain was not provided in the sources available.
With the date now set, attention is likely to turn to how the chancellor plans to translate his pledge on money and power into concrete policy when he stands to deliver the statement in October.
Why it matters
A Budget sets the government's tax and spending plans, directly affecting household finances, public services and businesses. Healey's pledge to move money and power out of Westminster suggests a focus on regional distribution, which could shape where investment lands across the country.