UK finance minister John Healey to present first Budget on October 28

UK Finance Minister John Healey will present his first Budget on October 28.

The Budget will focus on shifting resources from central government to communities across the UK.

Healey pledged to maintain the government's fiscal rules and keep borrowing under control.

The fiscal rules, introduced by predecessor Rachel Reeves, require day-to-day spending to be funded by tax revenues by the end of the decade.

Pressure on public finances may come from commitments like higher defence spending and social care improvements.