Budget 2026 Summary: What the October 2026 Budget Means for You
Chancellor John Healey’s first Budget, delivered on 28 October 2026, left the rates of VAT, National Insurance and Income Tax on wages unchanged, but raised tax on savings and property income from April 2027. Billed as giving families and businesses “breathing space”, it still raises around £7 billion a year by 2031-32, mostly from savers, landlords and business owners.