John Healey
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U.K News / US News
FTSE 100 Edges Higher After Budget as Gilt Yields Ease and Banks Rally
London’s blue-chip index edged higher on Thursday 29 October 2026 in the first full trading session after Chancellor John Healey delivered his first Budget, as calm bond markets and a smaller-than-feared tax rise on banks steadied investor nerves. The FTSE 100 opened up 0.25 per cent, or 27 points, at 10,721, after closing broadly level on Wednesday evening, while the…
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John Healey Welfare Bill Row: What the Chancellor Actually Promised Before the Next Election
Chancellor John Healey told BBC Radio 4’s Today programme that “there will be a reduction in the benefits bill” before the next general election, setting off a row on Thursday 29 October 2026 over whether he had promised a cut. The interview was broadcast on Thursday morning, after Healey delivered his first Budget on Wednesday 28 October 2026. Within hours,…
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U.K News / US News
UK Defence Spending to Reach 3% of GDP by 2030 as Healey Sets Out NATO Funding Path
The UK will aim to spend 3% of GDP on defence by 2030, Chancellor John Healey confirmed in his first Budget on Wednesday 28 October 2026, setting a target date for a pledge that had previously been promised without a firm timetable. The announcement, made in the House of Commons, also restated Britain’s NATO commitment to spend 3.5% of GDP…
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UK Budget 2026 Energy Payment: £100 for 20 Million Households as Bank Surcharge Rises
Chancellor John Healey announced a £100 Household Energy Payment for about 20 million households in his first Budget on Wednesday 28 October 2026, funded in part by a temporary rise in the bank surcharge. The payment, worth £2.6 billion in total, will go to households in council tax bands A to D and will be paid directly into bank accounts.…
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UK Graduate Visa Stays at Two Years for High-Compliance Universities After Budget 2026
Chancellor John Healey used his first Budget on Wednesday, 28 October 2026, to soften one of the most closely watched changes facing international students in Britain. The UK Graduate visa will be set at two years for graduates of high-compliance universities where there are strong labour market outcomes, rather than falling to 18 months for everyone. The announcement lands just…
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U.K News / US News
UK Budget 2026 Summary: £100 Energy Payments, Bank Tax Rise and Pension Tax Allowance Explained
Chancellor John Healey delivered his first Budget on Wednesday, 28 October 2026, promising a package to help households through what he called global economic storms. The headline measure is a £100 payment for 20 million households, funded in part by a higher tax on banks, alongside a new pension tax allowance and a rise in the minimum wage. Healey, serving…
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U.K News / US News
UK Budget 2026: What John Healey Is Expected to Announce on Wednesday 28 October
Chancellor of the Exchequer John Healey is due to deliver his first Budget on Wednesday, 28 October 2026, in London, in the first Budget under Prime Minister Andy Burnham. The statement will set out how the Government plans to balance support for households with defence commitments and tight public finances, and it arrives as voters watch everyday prices, energy bills…
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