Next Wednesday, Chancellor Healey delivers the Budget statement, PM Burnham’s first

On Wednesday, 28 October 2026, Chancellor MP John Healey will present the Budget statement to the House of Commons as part of the government of Prime Minister Andy Burnham. This marks the first Budget delivered by Chancellor Healey. The Budget, a financial statement, outlines the nation's economic state and the government's plans for tax changes.

It also includes forecasts from the Office for Budget Responsibility (OBR). The Budget and Finance Bill are typically annual events due to the annual renewal of income and corporation taxes through legislation. During the Budget, the Leader of the Opposition usually responds to the Chancellor's speech, followed by four days of debate on tax measures proposed in the Budget.

These resolutions can become effective immediately if the House of Commons agrees to them. The Finance Bill, which implements the Budget proposals, goes through the Parliament's legislative process. The red Budget Box, a symbol of the Budget statement, has been used since 1860, crafted for William Ewart Gladstone and traditionally carried by the Chancellor during the Budget speech.