Businessglobal-economy
What is the UK Budget and what could be in it?
Chancellor John Healey is set to deliver his first tax and spending plans on October 28, facing high government borrowing costs. With limited room to maneuver due to campaign promises, speculation surrounds potential adjustments. Analysts debate the narrowing fiscal headroom, driven by rising borrowing costs and inflation. Potential measures discussed include changes to bank taxes and new housing support initiatives.