Budget 2026: key points at a glance
The government will have £15bn of headroom in 2029-30 and £20bn in 2030-31, according to the Office for Budget Responsibility, the government’s forecaster.
Here’s what you need to know from John Healey’s first Budget, as the chancellor sets out the government’s tax and spending plans.
Healey said he will meet the fiscal rule that day-to-day spending must be covered by tax receipts, and the investment rule that government debt, defined as public sector net financial liabilities, must be falling as a percentage of GDP in the third year of the forecast.
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