Date set for first Budget of Andy Burnham’s government after recent spate of policy announcements

‘This will be a Budget that moves money and power out of Westminster and into every postcode around Britain,’ the chancellor said as he revealed the date it will be held

Related video: John Healey appointed Chancellor of the Exchequer by Andy Burnham

John Healey will deliver his first Budget as chancellor on 28 October, pledging to move “money and power out of Westminster”.

Announcing the date of the Budget on Friday, Mr Healey promised plans would be “built on fiscal discipline”.

He said the Budget would “meet our fiscal rules” and “give businesses and families some of the stability they need to plan for the future”.

Looking back at Andy Burnham’s first two weeks as prime minister, Mr Healey said the new government was “working fast to restore hope and back Britain’s communities” and had “begun to kickstart growth in every postcode”.

But he will face significant challenges as he finds more money for Mr Burnham’s devolution priorities and increased defence spending amid warnings the Iran war will further squeeze the public finances.

This is a breaking story – more follows...

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies