EconomyHealey’s budget sets up a ‘brutal’ spending review next year, IFS warns

The Institute for Fiscal Studies says John Healey’s budget leaves a £28bn hole in public finances and could mean real-terms cuts for some departments next year. Avoiding austerity may require £17bn more for 2030-31 spending plans, plus £11bn to raise defence spending to 3% of GDP.

UK economypublic financesgovernment spendingInstitute for Fiscal Studies

TThe Guardian★★★☆☆2026-10-29 13:47Original