EconomyUK Budget 2026: Highlights from Healey’s announcement

Chancellor John Healey presented budget measures in the House of Commons, describing them as grounded in “fiscal discipline” and intended to give the public “breathing space.” They include an additional 3% tax on banks’ profits, higher gambling taxes and a 3.5%-of-GDP defense spending target by 2035. Healey also outlined updated OBR forecasts for growth and fiscal headroom.