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Budget 2026

All articles tagged with #budget 2026

Chancellor Healey pledges fiscal discipline and youth apprenticeships at Labour conference
politics12 days ago

Chancellor Healey pledges fiscal discipline and youth apprenticeships at Labour conference

Chancellor John Healey told the Labour Party conference that providing jobs, not benefits, is the best support for young people. He announced an expansion of the Local Apprenticeships Service across England, funded by £100m in welfare fraud savings. Healey emphasized strict fiscal discipline ahead of next month’s Budget, stating that the government cannot afford the spending levels of the 1990s. While he praised youth as 'digital natives,' he refused to set a timeline for reducing the benefits bill, citing the need to address the one million young people not in education, employment, or training. The speech faced criticism from opposition parties for lacking detail on how to fund new initiatives while cutting welfare.

Healey paints upbeat growth path as UK economy edges forward
politics1 month ago

Healey paints upbeat growth path as UK economy edges forward

Chancellor John Healey is due to deliver an upbeat speech claiming the UK economy is turning a corner and presenting a resilient, growth‑oriented “new story,” backed by a £150m fund to back innovative firms in the North and a plan to use public investment to unlock private investment, even as borrowing costs and inflation pressures pose challenges ahead of the October Budget.

France clears 2026 budget after political brinkmanship
politics8 months ago

France clears 2026 budget after political brinkmanship

France's 2026 state budget passes after a months-long deadlock, with PM Sébastien Lecornu using a constitutional clause to bypass a parliamentary vote. The minority government survived several no-confidence motions as the Socialist Party abstained in exchange for concessions, pushing the projected deficit to about 5% of GDP (up from 4.7%). The budget, rolled over from last year, will take effect after a Constitutional Court review.

israel-politics8 months ago

Knesset moves 2026 budget forward amid haredi draft showdown

The Knesset advanced the 2026 state budget in its first reading after days of coalition wrangling with ultra-Orthodox parties over the haredi draft law, with a 62-55 vote. Degel Hatorah backed the budget on condition the draft bill passes before the next readings, while Agudat Yisrael opposed. The package includes a large expenditure framework and a raised deficit ceiling, and if all three readings aren’t completed by end-March, the Knesset would dissolve and elections would be called. Prime Minister Netanyahu framed the budget as strengthening security and the economy, while the opposition criticized the concessions to the haredi parties.