Autumn Budget 2026
‘Breathing space’, ‘small wins’, ‘steady as she goes’. The language accompanying this year’s Budget is distinctly different from last year’s.
After two Budgets which raised over £67 billion in taxes, a new chancellor and prime minister were always unlikely to aim for a big revenue-raising hat trick for their first fiscal
event. They were helped by the fact that those earlier Budgets had left over £23 billion of fiscal ‘headroom’.