The Aporia
Jones, I. (2026, October 28). Budget 2026: The key numbers in graphs and charts. Evening Standard. https://www.standard.co.uk/news/politics/budget-press-association-ian-jones-b1302668.html
Jones, Ian. “Budget 2026: The key numbers in graphs and charts.” Evening Standard, 28 Oct. 2026, https://www.standard.co.uk/news/politics/budget-press-association-ian-jones-b1302668.html.
Jones, Ian. “Budget 2026: The key numbers in graphs and charts.” Evening Standard, October 28, 2026. https://www.standard.co.uk/news/politics/budget-press-association-ian-jones-b1302668.html.
Dated from the outlet's own feed. Check the original for its byline.
Chancellor John Healey delivered his first Budget on October 28, 2026, amid high inflation and government spending levels. The budget included a £1.5 billion borrowing facility to support local authorities and plans for devolving more financial power to England’s mayors through a new "good growth" funding of £285 million. Additionally, the chancellor announced an extension in preferential interest rates for councils to borrow money from the government to invest in housebuilding, taking funding for the 10-year social and affordable homes programme to over £40 billion. However, some critics argue that without major spending cuts, the UK is heading towards a fiscal crisis similar to France's. Despite these concerns, Healey promised during a BBC interview on November 1, 2026, that he would start reducing welfare costs next year and bring down the overall benefits bill under Labour.