UK Budget
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New government and your money: what has changed since July, and what has not
Read more: New government and your money: what has changed since July, and what has notAndy Burnham became Prime Minister on 20 July 2026 and John Healey Chancellor. Eleven weeks on, one tax cut is in force, several changes have dates, and the main tax and savings allowances have not moved. The figures, before the 28 October Budget.
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Gilt yields and the 28 October Budget: how the Chancellor’s fiscal headroom shrank
Read more: Gilt yields and the 28 October Budget: how the Chancellor’s fiscal headroom shrankIn September 2026 the UK sold 30-year gilts at a yield of 5.8168%, and public borrowing ran £8.1bn over forecast. Both eat into the Chancellor’s fiscal headroom before the Budget on 28 October. Where the numbers come from and what they mean for mortgages, annuities, savings and gilt buyers.
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