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

https://mins.news/en/item/120878

- The Guardian, 2026-10-29 13:47 UTC
- Economy
- Original: https://www.theguardian.com/uk-news/2026/oct/29/john-healey-budget-brutal-spending-review-next-year-ifs

> 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.

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