John Healey is days away from delivering his first Budget as chancellor as Andy Burnham seeks to set out his government’s fiscal priorities.
Former defence secretary Mr Healey is under pressure to find billions of savings to help ramp up Britain’s military spending , whilst also ensuring the string of pledges set out by the prime minister during his first weeks in office are fully funded.
As with any Budget , there has been speculation about what could be included in the statement – though there have been far fewer leaks in the lead up compared to last year.
All eyes will be on the chancellor to see if he lays out plans on key issues, such as welfare reform defence, as well as any key tax policies.
Here is a round up of what we could see come out of the Budget on 28 October:
Energy Bills
One major element of the Budget is expected to focus on greater help for UK households struggling with the rising cost of energy.
Mr Burnham has already cut VAT on electricity bills, but there has been an acceptance…