UK budget 2026 preview as John Healey pledges breathing space for Britons
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Chancellor John Healey delivers his first budget Wednesday at 12:30 p.m. U.K. time in the Andy Burnham era, pitching “breathing space for today” as Iran war costs push up prices and borrowing sits at a year high. Briefings suggest tax rises and fiscal headroom below Rachel Reeves’s March figures of £26 billion in rises and £23.6 billion in headroom.
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