Tuesday, 20 October 2026 Updated 11 min ago
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Badenoch says Healey’s budget will be worse than Reeves’s if he doesn’t slash spending

Conservative leader to give a speech later, while Treasury sources say Healey has ruled out a rise in capital gains tax Good morning.

Image accompanying the story: Badenoch says Healey’s budget will be worse than Reeves’s if he doesn’t slash spending
Image: Photograph: Murdo MacLeod/The Guardian · via The Guardian

The Guardian reports: Conservative leader to give a speech later, while Treasury sources say Healey has ruled out a rise in capital gains tax Good morning.

John Healey, the chancellor, is delivering his first budget a week tomorrow, and this morning there are two news developments that will help to frame the way it is received. This is significant because a capital gains tax hike was for a while seen as…

This politics story centres on the United Kingdom. Names and organisations mentioned in the coverage include John Healey, Healey and Reeves.

Why it matters

Political decisions and disputes like this can influence policy, public services and the direction of government.

Key details

Location
United Kingdom · Europe
Reported by
The Guardian
First reported
Key names
John Healey, Healey, Reeves, Treasury
Section
Politics

Sources

This is an independent summary. Read the full, original reporting from the publisher:

Read the full story at The Guardian

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