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 CARLOS JASSO / 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 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 CARLOS JASSO / 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. 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 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 CARLOS JASSO / AFP via Getty Images)

Britain's Chancellor of the Exchequer John Healey recieves a tap on the shoulder from Britain's Minister for Pensions Torsten Bell (L) after posing 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. 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)