The Autumn Budget is days away, with chancellor John Healey due to set out the Burnham government’s fiscal plans on 28 October.
While the upcoming Budget will be Labour’s third since they won the 2024 general election, it will be the first fiscal test of prime minister Andy Burnham’s new government which has promised to help those struggling with the cost of living and devolve power out of Westminster.
It will also be the first time new chancellor John Healey delivers the fiscal statement after he replaced Rachel Reeves in the summer.
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Although Burnham and Healey have indicated that they want to increase public spending, the Budget comes at a time when the public purse is under pressure, meaning many are worried that taxes will need to rise.
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