The Aporia
Reevey, L. (2026, October 28). Budget 2026: Watch in full as Chancellor John Healey delivered speech to House of Commons. Evening Standard. https://www.standard.co.uk/news/politics/budget-2026-watch-full-video-chancellor-john-healey-b1302645.html
Reevey, Luke. “Budget 2026: Watch in full as Chancellor John Healey delivered speech to House of Commons.” Evening Standard, 28 Oct. 2026, https://www.standard.co.uk/news/politics/budget-2026-watch-full-video-chancellor-john-healey-b1302645.html.
Reevey, Luke. “Budget 2026: Watch in full as Chancellor John Healey delivered speech to House of Commons.” Evening Standard, October 28, 2026. https://www.standard.co.uk/news/politics/budget-2026-watch-full-video-chancellor-john-healey-b1302645.html.
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John Healey announced significant measures in the 2026 Budget, including lowering fiscal headroom to £15 billion and implementing energy reforms such as scrapping standing charges on gas bills. He also extended VAT cuts on electricity until July and introduced a green levy reduction. Additionally, he provided more funding for mayors and regional leaders in England, allowing them greater control over local projects and investment decisions. For London, Sadiq Khan was given sweeping tax powers to raise billions for transport projects. However, Kemi Badenoch criticized the refusal to cut welfare handouts amid economic challenges. Healey emphasized the impact of a global economic storm on the UK's GDP forecast.