The Aporia
The Aporia
Daly, P. (2026, October 22). Chancellor to aim his Budget at cutting cost of business and supporting entrepreneurs. Evening Standard. https://www.standard.co.uk/news/politics/chancellor-john-healey-budget-business-cost-entrepreneurs-b1301858.html
Daly, Patrick. “Chancellor to aim his Budget at cutting cost of business and supporting entrepreneurs.” Evening Standard, 22 Oct. 2026, https://www.standard.co.uk/news/politics/chancellor-john-healey-budget-business-cost-entrepreneurs-b1301858.html.
Daly, Patrick. “Chancellor to aim his Budget at cutting cost of business and supporting entrepreneurs.” Evening Standard, October 22, 2026. https://www.standard.co.uk/news/politics/chancellor-john-healey-budget-business-cost-entrepreneurs-b1301858.html.
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John Healey, Britain's Chancellor, pledged in an interview with The Times on October 22, 2026, that his upcoming Budget on October 28 would aim to reduce the cost of doing business and support entrepreneurs. This comes after two years of economic pressures for businesses under the previous government, including higher taxes and regulatory changes. He acknowledged that some companies have faced significant financial burdens due to the cost-of-living crisis and recent tax increases implemented by his predecessor Rachel Reeves during former Prime Minister Keir Starmer's tenure.
However, high street retailers expressed skepticism about the Chancellor's intentions, warning that Labour’s policies over the past two years had been “horrific” and “brutal.” Banks are also bracing for potential tax raids to help balance the budget amidst ongoing Middle East crises affecting global supply chains. The Chancellor emphasized his commitment to easing business costs while addressing household pressures, aiming to reward those who innovate despite challenging conditions.
