UK to hold budget on Oct. 28, chancellor announces

Andy Burnham’s new government will hold its first budget on Oct. 28, U.K. Chancellor John Healey announced today. Healey, who replaced Rachel Reeves in the job last week, will have to balance maintaining fiscal credibility in the bond market and the new government’s desire to expand spending on defense and social care.

The newly appointed Chancellor, who replaced Rachel Reeves earlier this month, said it will be a Budget that 'moves money and power out of Westminster, and into every postcode around Britain'

Newly appointed chancellor John Healey has opened the door for the UK military to shape defence budgets. His proposal is another step away from democratic oversight of how public money is spent. And it’s all part of a defence spending ideology that’s full of holes! Declassified UK reported on 30 July: Britain’s new cha