UK budget: Markets on watch for new finance minister's plans

Live updates

1. 3h ago

   UK's Finance Minister John Healey Unveils Budget

   UK Finance Minister John Healey presented his first budget, aiming to address economic challenges and meet Prime Minister Andy Burnham's promises. The budget seeks to balance the books amid a difficult economic moment. Markets are watching for signs of fiscal discipline and its impact on bond yields and investor confidence.

   Why it matters

   The budget is crucial as it sets out the government's plans for taxes and spending. It comes at a time when the UK faces economic headwinds and pressure to deliver on promises. The finance minister's decisions will influence market sentiment and the country's fiscal trajectory.

   What is confirmed

   • John Healey delivered his first UK Budget with less fiscal room, higher spending pressures and bond investors pushing for less borrowing and more growth.
   • The budget aims to steer the UK through a difficult moment with a low-key approach.
   • Prime Minister Burnham's restrained budget sent 10-year gilt yields to 5.25%, marking the biggest monthly drop since May and boosting investor confidence.

   Still unconfirmed

   • UK bond investors want spending cuts, but John Healey's first Budget may disappoint.

   What to watch next

   • The impact of the budget on bond yields and investor confidence
   • The government's ability to meet Prime Minister Andy Burnham's promises
   • The reaction of markets to the budget's fiscal discipline measures
   Sources used for this update (20)

   1. www.bitget.com — Propland Price Prediction , PROPrice Prediction 2025
   2. www.bbc.com — What is the Budget and what could be in it? - BBC
   3. The Economist — Meet John Healey, Britain’s bald fraud
   4. BBC — Chris Mason: The Budget is imminent as tricky things pile up for Burnham
   5. Bloomberg.com — John Healey’s First Budget Is a Chance to Clear the Clutter
   6. CNBC — Opinion: UK bond investors want spending cuts. John Healey’s first Budget may disappoint
   7. Reuters — UK budget: Markets on watch for new finance minister's plans
   8. The Guardian — You be the chancellor: play our budget game to see if you can balance the books
   9. Reuters — What is likely to be in UK finance minister Healey's budget?
   10. The Guardian — Budget 2026: six charts that reveal the economic realities facing the chancellor
   11. BBC — Chris Mason: Budget needs to go some way towards delivering PM's promises
   12. BBC — 'Budget for a 'difficult moment' and 'Netanyahu's fate in balance'
   confidence 85%