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Thu, 29 Oct 2026
UK Budget 2026: Chancellor unveils 98 small measures
UK Chancellor John Healey unveils 98 budget measures including a 100-pound energy bill support for households and tax hikes.
UK economy faces Middle East energy shock, says OBR
The Office for Budget Responsibility forecasts slower UK growth, inflation peaking at 3.8% in 2027, and interest rates potentially rising to 4.5%.
Treasury will not commit to reducing welfare bill before election
The UK Treasury has disputed suggestions that Chancellor John Healey promised to cut the welfare bill before the next general election, as OBR forecasts spending to reach £431bn by 2031/32.
