UK Budget Offers Some Tax Relief Now, Plenty More Pain Later

Chancellor of the Exchequer John Healey unveiled a modest budget to ride out international headwinds, with measures to bring in £6.6 billion in additional revenue by fiscal year 2030-31. #uk #politics #world #news

The budget includes a 3 percentage-point hike to banks’ corporation tax surcharge and a £2.6 billion package to help homes with energy bills, among other measures.

Healey said the budget is designed “to steer us through the global economic storms today, to chart a new course for Britain in the years ahead, to give people fresh hope for Britain’s future.”

Read more: https://www.bloomberg.com/news/articles/2026-10-28/healey-says-uk-facing-global-economic-storms-in-first-budget

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