Chancellor John Healey has released a teaser video ahead of this year's Autumn Budget, promising that the fiscal statement will give Britain "breathing space today and fresh hope for the future."
The 2026 Autumn Budget will be laid out on Wednesday (October 28) after Prime Minister's Questions. In his first Budget, Mr Healey is expected to announce changes affecting homeowners, first-time buyers and renters, outlining the government's plans for tax, public spending and the wider economy for the next year.
Budget to address global shocks and everyday costs
In the video message, the Chancellor says he will set out how the Budget will make Britain "more resilient" to global shocks, while helping households with "everyday costs", backing businesses and entrepreneurs, and starting the "long-term action" needed to get "energy costs down for good."
Mr Healey said: "Breathing space for today and fresh hope for the future. That's what today's Budget will deliver."
He acknowledged that conflicts abroad are pushing up energy prices and the cost of living, piling pressure on families, businesses and public finances, but noted that Britain's economy is showing "real signs of resilience" with investments up, productivity growing, and joint fastest growth in the G7 in the first half of this year.
Support for businesses and long-term investment
The Chancellor said the Budget is designed to give households breathing space from some everyday costs, provide targeted support for businesses and self-employed people, and start long-term action to get energy costs down for good.
He added: "We'll back British businesses and entrepreneurs, we'll invest in the technologies that drive future growth, and we'll build more homes, shift power out of Whitehall, so that leaders locally can drive growth in every postcode."
Mr Healey also said the government will strengthen national security and defences, as well as support for Ukraine, while sticking within tight fiscal rules and ensuring every pound is well invested.
The Budget will be delivered at around 12.30pm in the House of Commons, immediately after Prime Minister's Questions, amid a difficult economic situation worsened by international market turmoil caused by the Iran war.
