Former chancellor Jeremy Hunt unsure Budget will 'fix big problems'

Former Conservative chancellor Jeremy Hunt is unsure the Budget will "fix big problems", according to a BBC video published on 28 October 2026. The video is listed under the BBC's politics coverage, with the Treasury and taxes among its related topics.

The Budget is the autumn statement in which the chancellor sets out tax and spending plans. Chancellor John Healey is scheduled to deliver his Budget speech on Wednesday 28 October 2026. He wrote to the Treasury Select Committee, the House of Commons group that scrutinises the Treasury, to confirm that date in July.

Before the speech, the Guardian reported on 15 October that Mr Healey was poised to raise taxes on Britain's banks in the Budget.

Mr Healey had earlier set out his economic thinking. He delivered a speech on growth on 7 September 2026.

Budgets of this kind have drawn comparisons with earlier ones. At his November 2023 Budget, Mr Hunt announced a bigger-than-expected cut in social security contributions. At that time, growth was forecast to reach 0.7% in 2024, according to Reuters' reporting on the event.