Britain's Chancellor of the Exchequer John Healey (front R) prepares to leave 11 Downing Street with his team in central London on October 28, 2026, before presenting the government's annual budget to parliament. Healey will unveil his first budget on October 28 as he juggles commitments to defence spending and easing household bills with little financial room to manoeuvre. (Photo by Stefan Rousseau / POOL / AFP via Getty Images)

Britain's Chancellor of the Exchequer John Healey holds the Budget Box as he leaves 11 Downing Street in central London on October 28, 2026, before presenting the government's annual budget to Parliament. On Wednesday, John Healey will present his first budget, which will test its ability to support purchasing power and increase defence spending, all while working with limited financial leeway. (Photo by Henry Nicholls / AFP via Getty Images)

Britain's Chancellor of the Exchequer John Healey poses with the red Budget Box as he leaves 11 Downing Street in central London on October 28, 2026, before presenting the government's annual budget to Parliament. On Wednesday, John Healey will present his first budget, which will test its ability to support purchasing power and increase defence spending, all while working with limited financial leeway. (Photo by HENRY NICHOLLS / AFP via Getty Images)

Britain's Chancellor of the Exchequer John Healey carries the red Budget Box as he leaves 11 Downing Street in central London on October 28, 2026, before presenting the government's annual budget to Parliament. On Wednesday, John Healey will present his first budget, which will test its ability to support purchasing power and increase defence spending, all while working with limited financial leeway. (Photo by Dylan Martinez / POOL / AFP via Getty Images)

Britain's Chancellor of the Exchequer John Healey poses with the Budget Box as he leaves 11 Downing Street in central London on October 28, 2026, before presenting the government's annual budget to parliament. Healey will unveil his first budget on October 28 as he juggles commitments to defence spending and easing household bills with little financial room to manoeuvre. (Photo by Henry NICHOLLS / AFP via Getty Images)

Britain's Chancellor of the Exchequer John Healey holds the red Budget Box as he poses with members of his treasury team, Britain's Chief Secretary to the Treasury Emma Reynolds, Britain's Financial Secretary to the Treasury James Murray, Britain's Economic Secretary to the Treasury Lucy Rigby, Britain's Exchequer Secretary to the Treasury Dan Tomlinson, Britain's Minister for Pensions Torsten Bell and Britain's Parliamentary Secretary at the Treasury David Pitt-Watson, as he leaves 11 Downing Street in central London on October 28, 2026, before presenting the government's annual budget to Parliament. On Wednesday, John Healey will present his first budget, which will test its ability to support purchasing power and increase defence spending, all while working with limited financial leeway. (Photo by Dylan Martinez / POOL / AFP via Getty Images)

Britain's Chancellor of the Exchequer John Healey prepares to leave 11 Downing Street with members of his Treasury team, Britain's Financial Secretary to the Treasury James Murray, Britain's Chief Secretary to the Treasury Emma Reynolds, Britain's Economic Secretary to the Treasury Lucy Rigby, Britain's Exchequer Secretary to the Treasury Dan Tomlinson, Britain's Minister for Pensions Torsten Bell and Britain's Parliamentary Secretary at the Treasury David Pitt-Watson (obscured), in central London on October 28, 2026, before presenting the government's annual budget to Parliament. On Wednesday, John Healey will present his first budget, which will test its ability to support purchasing power and increase defence spending, all while working with limited financial leeway. (Photo by Stefan Rousseau / POOL / AFP via Getty Images)

Britain's Chancellor of the Exchequer John Healey prepares to leave 11 Downing Street with members of his Treasury team, Britain's Financial Secretary to the Treasury James Murray, Britain's Chief Secretary to the Treasury Emma Reynolds, Britain's Economic Secretary to the Treasury Lucy Rigby, Britain's Exchequer Secretary to the Treasury Dan Tomlinson, Britain's Minister for Pensions Torsten Bell and Britain's Parliamentary Secretary at the Treasury David Pitt-Watson (obscured), in central London on October 28, 2026, before presenting the government's annual budget to Parliament. On Wednesday, John Healey will present his first budget, which will test its ability to support purchasing power and increase defence spending, all while working with limited financial leeway. (Photo by Stefan Rousseau / POOL / AFP via Getty Images)