Business · GB ·
Chancellor Healey to announce tax and spending plans in October
BBC News · Business
Published · Updated
- Chancellor John Healey will deliver his first Budget on 28 October, setting out Labour's tax and spending plans.
- Healey has refused to rule out tax increases, citing government borrowing costs at historic highs.
- Labour promised before the 2024 election not to increase income tax, National Insurance, and VAT.
- The Office for Budget Responsibility will publish an assessment of the UK economy's health alongside the Budget.
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