Chancellor John Healey will deliver Labour’s first Budget on 28 October, setting out the party’s tax and spending plans.
What to expect
The Budget will be the first delivered by Healey in his role as chancellor. Its central focus will be Labour’s approach to taxation and public spending.
No further details of the measures to be announced have been provided. The statement on 28 October will therefore be the key date for the publication of the plans.
Why it matters
The Budget will provide a formal outline of Labour’s priorities for tax and spending. It will also give businesses, households and other organisations information about the direction of policy, although the specific measures remain unknown.
Until Healey makes his statement, the scope and potential effects of the plans cannot be assessed from the available information.