Politics
Budget to deliver £1bn housing boost and broad devolution package for English regions
October 25, 2026 at 03:27 AM
Coverage
3 reports · 1 in Arabic, 2 in English · over 5 hours
Chancellor John Healey's Budget on Wednesday will fund social housing, a mayoral borrowing facility, and new AI security investments.
- Healey and Prime Minister Andy Burnham announced a £1.5bn mayoral borrowing facility from 2028 and £285m in seed funding next year for local leaders.
- Burnham said local leaders would no longer go "cap in hand to Westminster," shifting power to those who know their communities best.
- The government pledged hundreds of millions in AI investment, including a £300m biosecurity laboratory and £10m a year to study technology's impact on jobs.
- Shadow chancellor Andrew Griffith called on Healey to resign if the Budget fails to set out how the UK will spend 3% of GDP on defence by 2030.


