(FILES) Britain's Prime Minister Andy Burnham (L) congratulates Britain's Chancellor of the Exchequer John Healey after he delivered a speech on the second day of the annual Labour Party conference in Liverpool, north-west England, on September 28, 2026. British Prime Minister Andy Burnham's new government unveils its first budget on October 28, 2026, testing a commitment to ease the cost of living and ramp up defence spending with little financial room for manoeuvre. It could prove to be a tall order for Finance Minister John Healey as rising inflation and borrowing costs -- largely a consequence of the US-Iran war -- increase the government's debt pile and heap pressure on businesses and individuals. (Photo by Oli SCARFF / AFP via Getty Images)