Chancellor John Healey announced on Wednesday that his first Budget will be presented on October 28. In a video message, Healey stated that the upcoming Budget aims to decentralize authority, moving "money and power out of Westminster, and into every postcode around Britain."

He emphasized that the Budget will be grounded in fiscal discipline and will adhere to the government's fiscal rules. Healey also indicated that it would provide businesses and families with much-needed stability to facilitate future planning. "Now, let's get on with the job," he concluded.