https://www.live-feeds.com/feed/uk-economy-set-to-grow-1-2-this-year-slow-in-2027-healey-says-in-budget-speechContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/uk-economy-set-to-grow-1-2-this-year-slow-in-2027-healey-says-in-budget-speechhttps://www.live-feeds.com/feed/uk-economy-set-to-grow-1-2-this-year-slow-in-2027-healey-says-in-budget-speech#u165365Sat, 31 Oct 2026 09:30:29 +0000UK Chancellor John Healey delivered his first budget, announcing that gross domestic product is projected to expand by 1.2 per cent this year before slowing to 1 per cent next year. Citing official projections from the Office for Budget Responsibility, Healey navigated a difficult economic moment shaped by global shocks. The fiscal package includes a £100 energy bill payment for millions of households and a 3 per cent increase in the bank surcharge. Healey also accepted a smaller fiscal buffer as the government works to steer the economy through international pressures.Why it mattersThe update