Budget report

On 28 October 2026, Chancellor John Healey presented his first Budget to Parliament. Billed as giving families and businesses 'breathing space' from rising costs, it left the rates of VAT and National Insurance unchanged, alongside static Income Tax rates for wages and self-employed income. Even so, the government's own figures show its tax measures raising around £7 billion a year by 2031-32.

During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament.

The key highlights from Chancellor Rachel Reeves' Budget announcement

The key highlights from the Spring Statement

The key highlights from the Budget announcement

The important updates from the Spring Budget 2024

The important updates from the Autumn Budget 2023

All the key points from the Budget.