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Budget Under Fire: Can They Balance? | Perth News
Description
New Chancellor John Healey is set to unveil his first budget on October 28th, pledging to honor the fiscal rules established by his predecessor Rachel Reeves — including strict borrowing limits and a commitment to balancing spending with tax revenue by the end of the decade. With Prime Minister Andy Burnham also backing these rules, the government faces a tightrope walk: funding ambitious priorities like defense and social care without raising taxes — a promise he made to uphold Keir Starmer’s legacy. Economists warn there’s little room for error, making this budget a high-stakes test of fiscal discipline and political promises.
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