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What is the Budget and what could be in it?

Chancellor John Healey will set out his plans for UK taxes on 28 October.

Tarun Mottlia

Via BBC News

·Excerpt
What is the Budget and what could be in it?
Image: BBC News (Tech & Business)

The run-up to the Budget typically generates speculation about what might be in it, which the government is trying to keep to a minimum this year.

Healey and Prime Minister Andy Burnham face a difficult balancing act, trying to offer more support to households and meet commitments on defence spending, while also sticking to Labour's manifesto commitments on tax and the government's self-imposed fiscal rules.

The previous chancellor, Rachel Reeves, set out two main rules, which the new leadership has…

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