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UK Chancellor Finalizes First Budget as Costs Bite

By Drooid · Oct 25, 2026, 2:38 PM UTC · How we work

Summary

Story summary

Chancellor John Healey finalizes his first UK Budget amid rising living costs.
Pilates instructor Dawn Fazackerley-King says her mortgage rate could rise from 1.4% to about 5.3%.
She estimates the increase would add roughly £250 to her monthly expenses.
BBC has asked HM Treasury for comment on the budget’s impact on the squeezed middle.

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Story summary

Chancellor John Healey finalizes his first UK Budget amid rising living costs.
Pilates instructor Dawn Fazackerley-King says her mortgage rate could rise from 1.4% to about 5.3%.
She estimates the increase would add roughly £250 to her monthly expenses.
BBC has asked HM Treasury for comment on the budget’s impact on the squeezed middle.