{
  "id": 16290643,
  "title": "John Healey to deliver his first Budget on Wednesday: What do we know and what tax rises are on the cards?",
  "url": "https://urgent.news/2026/10/24/john-healey-to-deliver-his-first-budget-on-wednesday-what-do-we-know",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T06:00:59.000Z",
  "source": {
    "name": "This Is Money",
    "slug": "this-is-money",
    "url": "https://www.thisismoney.co.uk/money/tax/article-16227099/John-Healey-deliver-Budget-Wednesday-know-tax-rises-cards.html?ns_mchannel=rss&ns_campaign=1490&ito=1490"
  },
  "original_language": "en",
  "account": null,
  "summary": "Finance minister John Healey is expected to deliver his first Budget this Wednesday. According to Investing.com, which cites reports from the Financial Times, the Treasury plans to provide £20.4 billion in additional capital to the state's infrastructure bank and business lender. This includes an allocation of £15.4 billion to the National Wealth Fund and £5 billion to the British Business Bank over approximately five years. A Treasury spokesperson told the FT that this funding is intended to support roughly 100,000 jobs by 2035 in sectors such as green energy, defence, and artificial intelligence.\n\nCity AM reports that Healey is expected to uphold promises not to raise VAT, national insurance, or income tax. The Chancellor faces pressure from various sides, including demands for increased public spending and the need to adhere to fiscal rules to avoid market volatility. This comes as the Exchequer pays more than £110bn annually in interest on its debt. This Is Money notes that discussions regarding the upcoming budget include an examination of which taxes may rise and whether certain Labour policies might be reversed.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "City AM",
        "title": "How John Healey clamped down on Treasury speculation",
        "url": "https://urgent.news/2026/10/23/how-john-healey-clamped-down-on-treasury-speculation",
        "published": "2026-10-23T11:35:30.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}