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News about budget: events, facts and developments on tafs uz.

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Economy

UK Budget: John Healey prepares a package of measures under strict secrecy

Chancellor of the Exchequer John Healey is preparing a Budget he will present on Wednesday at around 13:00 in the House of Commons. Preparations are taking place amid unprecedented secrecy, even though the economy is growing faster than forecast: inflation stood at 3.5% in September, while borrowing costs are higher than expected. Key decisions concern borrowing, welfare spending and fiscal rules. Chancellor of the Exchequer John Healey is preparing a budget that he will present on Wednesday at around 13:00 in the House of Commons. The preparations are taking place amid unprecedented secrecy, even though the economy is growing faster than forecast: inflation stood at 3.5% in September, while borrowing costs are higher than expected. Key decisions concern borrowing, welfare spending and fiscal rules.

Otabek Yusupov
4 min read
Politics

UK government to double funding for homelessness programme by Christmas

Prime Minister Andy Burnham has promised that by Christmas every homeless person in England will be given a route off the streets. On Wednesday the budget will add £432 million to the £442 million already allocated, bringing the total to £874 million. The opposition criticises the plan, pointing to record levels of homelessness and Burnham's record as Mayor of Greater Manchester. Prime Minister Andy Burnham has promised that by Christmas every homeless person in England will be given a route off the streets. On Wednesday the budget will add £432m to the £442m already allocated, bringing the total to £874m. The opposition criticises the plan, pointing to record levels of homelessness and Burnham's record as Mayor of Greater Manchester.

Aziz Karimov
4 min read
Politics

UK to invest £100 million in world's first AI biosecurity lab

As part of the budget, the UK government announced the creation of a national AI Biosecurity Lab (AIBL) with £100 million in funding, supported by OpenAI and Anthropic, along with additional spending on cyber defence and the AI Security Institute. In its budget, the UK government announced the creation of a national AI biosecurity laboratory (AIBL) with £100 million in funding, supported by OpenAI and Anthropic, as well as additional spending on cyber defence and the AI Safety Institute.

Otabek Yusupov
4 min read
World

British press: Meghan's warning about her father's case, a budget without 'Truss-style' measures, and England's oldest pub

A review of the front pages of the British press for 24 October 2026: the scandal surrounding Thomas Markle and statements by the Duchess of Sussex, budget plans with £20bn for national funds, concerns of a former Bank of England economist about a 'budget for tomorrow', a Cabinet split over returning to the EU, and the determination of the country's oldest pub.

Aziz Karimov
3 min read
World

Britain to allocate £7 million to study a bid for 'Northern Olympic Games' in the 2040s

In Chancellor John Healey's first Budget, to be delivered on Wednesday, £7 million will be announced for a full-scale feasibility study of a bid to host the Olympic and Paralympic Games in northern England in the 2040s. The idea has been promoted by northern mayors and former Olympians, including Dame Laura Kenny and Dame Sarah Storey. Estimates of the cost and impact of the London 2012 Games differ, and the opposition is demanding scrutiny of the spending.

Otabek Yusupov
3 min read
Politics

The Healey Budget: between a politics of small tries and big decisions

British Chancellor John Healey will present the first budget of Andy Burnham's government on 28 October. The BBC examines how small initiatives — from the Northern Games to fines for loud music — combine with postponed difficult decisions. British Chancellor John Healey will present the first budget of Andy Burnham's government on 28 October. The BBC examines how small initiatives — from the 'Northern Games' to fines for loud music — combine with postponed difficult decisions.

Aziz Karimov
3 min read
Economy

UK budget without an income tax rise: four options the Treasury is considering

Chancellor of the Exchequer John Healey is preparing a budget for Wednesday without raising income tax, VAT or National Insurance rates, as the Labour Party promised in its 2024 manifesto. BBC Verify examines four possible sources of revenue: raising the tax on banks, increasing the tax on gaming machines, making online platforms responsible for collecting VAT, and cutting welfare spending. Chancellor of the Exchequer John Healey is preparing Wednesday's budget without raising income tax, VAT or National Insurance rates, as the Labour Party promised in its 2024 manifesto. BBC Verify examines four possible sources of revenue: raising the bank tax, increasing the tax on gaming machines, transferring VAT collection to online platforms, and cutting social security spending.

Aziz Karimov
5 min read
Politics

UK Budget: more than £1bn for social housing and new powers for mayors

Chancellor John Healey will present his first Budget on Wednesday, which includes more than £1bn for social and affordable housing in England, taking funding for the 10-year housing programme to over £40bn. Mayors and regional leaders will receive more powers and money, including £285m of transitional funding and a new £1.5bn borrowing mechanism from 2028. Support for breweries has also been announced, while defence spending remains a point of dispute between the parties. Chancellor John Healey will present on Wednesday the first budget providing more than £1bn for social and affordable housing in England, bringing funding for the 10-year housing programme to over £40bn. Mayors and regional leaders will receive more powers and money, including £285m in transitional funding and a new £1.5bn borrowing mechanism from 2028. Support for breweries has also been announced, while the question of defence spending remains a point of dispute between the parties.

Aziz Karimov
4 min read
Politics

Political scientist Tkachenko: Ukraine may face a funding shortfall in 2027 with a need of €70 billion

St. Petersburg State University professor Stanislav Tkachenko, in a conversation with Ridus, forecasts an acute budget deficit in Ukraine in 2027: the EU will not be able to provide Kyiv with the necessary funding due to disagreements between member states. Ukraine expects to attract about $52.6 billion in international aid, while the need for defense funding is estimated at €70 billion.

Aziz Karimov
2 min read
Economy

UK government debt exceeds $4 trillion for the first time amid accelerating inflation

According to the Office for National Statistics, by the end of September 2026 UK government debt reached three trillion pounds (about $4.01 trillion) — a historic maximum in absolute terms. Borrowing for April–September amounted to £97.8 billion, £6 billion above the Office for Budget Responsibility forecast. Inflation accelerated to 3.5% in September, and debt interest costs rose by 16.6%. The data was published a week before the budget on 28 October.

Sevara Azamova
3 min read
Economy

Fitch: Hungary could meet eurozone entry criteria by 2030

Fitch Ratings assessed Hungary's 2027 draft budget and medium-term deficit targets as supportive of the government's plan to join the eurozone by 2030. The deficit is planned to fall from 7.5% of GDP to 4.9% in 2027, but Fitch warns of difficulties in implementing the plan and high public debt.

Sevara Azamova
3 min read
World

Turkey plans to invest over $2 billion in space and aviation over three years

According to the draft 2027 budget, Ankara will allocate about 100 billion Turkish lira ($2.01 billion) to the aviation and space industry in 2027–2029. Spending on the space program will grow from $176 million in 2026 to $745 million by 2029. The funds will go toward the National Space Program, airport infrastructure, and preparation of the first lunar mission.

Javlon Tursunov
2 min read