Chancellor John Healey is scheduled to outline Labour’s tax and spending plans when he delivers the party’s first Budget at around 12:30 on Wednesday.
Budget announcement scheduled
The statement will mark the presentation of Labour’s initial Budget plans under Chancellor John Healey. The available information does not specify the individual tax or spending measures that will be announced.
What to expect
Healey’s address is expected to set out the government’s approach to taxation and public spending. Further details will be provided when the chancellor delivers the Budget.
Why it matters
The announcement will provide the first formal outline of Labour’s tax and spending plans through its Budget programme.