What to expect from John Healey’s first budget: who wins, who pays?

The upcoming budget is expected to introduce financial measures targeting struggling households, first-time homebuyers, and small businesses, potentially easing pressures on these groups. Banks and online marketplaces may see increased levies as part of the proposed changes, according to leaked details from official and unofficial sources. Chancellor John Healey will unveil the plan, marking a key moment for the new government’s economic strategy. Despite earlier assurances against pre-budget leaks, key elements of the policy appear to have already surfaced.

Struggling households, new homebuyers and small shops stand to gain, while banks and online marketplaces could face higher levies John Healey will present his first budget on Wednesday, which will set the tone for Andy Burnham’s premiership.Despite the chancellor’s promises in the summer that the tax and spending event would not be beset by the leaks that preceded those of his predecessor, Rachel Reeves, both official and unofficial sources have indicated much of what Healey is likely to announce. Here’s what to expect: Continue reading...