New polling shows 70 per cent expect tax hikes in Healey’s Budget

PoliticsBusiness & Finance
28 Oct 2026 • 5:56 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

New polling shows 70 per cent expect tax hikes in Healey’s Budget

  • Polling by Ipsos shows 70 per cent of Britons expect tax rises in Chancellor John Healey's upcoming Budget, with two-thirds predicting the UK economy will worsen over the next year.
  • Chancellor John Healey is under pressure to balance the nation's finances while funding pledges made during Andy Burnham's first 100 days as Prime Minister.
  • The Chancellor must address a £5bn defence spending commitment alongside newly announced cost-of-living measures, such as reforms to the Carers' Allowance earnings limit.
  • The survey also revealed that 67 per cent of respondents anticipate an increase in government borrowing, while 51 per cent expect higher spending on public services.
  • Mr Healey will deliver his first Budget in the House of Commons at 12.30pm on Wednesday, immediately following Prime Minister's Questions.

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