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Healey Unveils Modest Budget to Protect Debt Program

By Drooid · Oct 28, 2026, 04:00 UTC · How we work

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Chancellor John Healey will present a modest budget to preserve the debt-redemption programme.
British GDP growth this year exceeded expectations and outpaced France’s growth.
The budget reintroduces a bank tax increase and subsidies for low-income energy consumers.
FTSE 100 fell 1.0% to about 10,660 while FTSE 250 rose 0.4% to 24,600.
The 10-year UK gilt yield was 5.34%, German 3.35% and French 4.94%.

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Story summary

Chancellor John Healey will present a modest budget to preserve the debt-redemption programme.
British GDP growth this year exceeded expectations and outpaced France’s growth.
The budget reintroduces a bank tax increase and subsidies for low-income energy consumers.
FTSE 100 fell 1.0% to about 10,660 while FTSE 250 rose 0.4% to 24,600.
The 10-year UK gilt yield was 5.34%, German 3.35% and French 4.94%.