{
  "id": 16940053,
  "title": "Budget 2026 forecasts: Which records have been set and milestones passed?",
  "url": "https://urgent.news/2026/10/28/budget-2026-forecasts-which-records-have-been-set-and-milestones",
  "topic": null,
  "section": null,
  "published": "2026-10-28T18:00:00.000Z",
  "source": {
    "name": "Discovered",
    "slug": "discovered",
    "url": "https://lbc.co.uk/article/0642e2ab7b854ef7b00e2c299fe6bc00-5Hjdkb7_2"
  },
  "original_language": "en",
  "account": "The latest economic forecasts reveal several significant records and milestones for the UK in the 2026 budget. The tax burden is set to reach a record high, with the government collecting 37.9% of GDP in 2027/28, a level not seen since 1948. This is mainly driven by rising income tax and national insurance contributions due to frozen personal tax thresholds. Living standards have also fallen to a record low, with real household disposable income (RHDI) averaging just 0.1% growth per person per year in the next decade, barely above pre-pandemic levels. Debt as a percentage of GDP remains at levels last seen in the early 1960s, peaking at 97.3% in 2028/29, a figure that was last observed when Harold Macmillan was prime minister. Net migration to the UK is also forecast to fall close to pandemic levels, settling around 120,300 in 2026/27, nearly 100,000 lower than previously expected. Finally, spending on health and disability benefits is set to reach a record £105 billion in 2028/29, a year earlier than initially projected.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}