Chancellor John Healey delivers the Budget on Wednesday 28 October 2026. This page separates what is confirmed from what is rumour, updated as announcements land, with a payslip calculator on today's rates.
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Maintained by Christopher Fagan, PEF Consulting Partners. Last updated 2 September 2026.
Confirmed so far
Announced by the government or already legislated. These are not Budget day surprises.
Confirmed
No increases to the rates of income tax, VAT or National Insurance, in line with the manifesto commitment for this Parliament.Government position, reaffirmed ahead of the Budget
Confirmed
VAT removed from domestic electricity bills, effective from 1 October 2026.Announced July 2026
Confirmed
The £2 bus fare cap restored nationally.Announced July 2026
Confirmed
Business rates cut of 20 percent for pubs, clubs and live music venues in England from April 2027, with a real terms freeze for qualifying venues in the two years after. Wider reform detail promised at the Budget.Pre Budget announcement, 2026
Confirmed
Corporation tax capped at 25 percent with permanent full expensing retained.Manifesto commitment through 2029
Confirmed
Consumer measures from January 2027: easier subscription cancellations and a ban on so called pretend prices.Announced 2026
Confirmed
No changes to stamp duty or council tax.Government position ahead of the Budget
Rumour watch
Reported speculation, not policy. Treat accordingly until 28 October.
Rumour
A review of the personal allowance. Prime Minister Andy Burnham has hinted at revision while citing difficult financial circumstances, with no commitment made.Reported September 2026
Rumour
Possible capital gains tax changes. Nothing confirmed; the last change took the higher rate from 20 to 24 percent in October 2024.Ongoing speculation
Rumour
Inheritance tax reliefs for farmers may be looked at again, per reported comments from the Prime Minister. No decision announced.Reported 2026
Rumour
Welfare spending targets and stricter work related conditions on certain benefits expected to be confirmed.Reported 2026
Rumour
Extension of railcards to further age groups, described as talks at a very early stage, following the confirmed 16 to 17 railcard change.Reported 2026
What your payslip looks like on today's rates
With income tax, VAT and National Insurance rates confirmed as not rising, this is the arithmetic the Budget starts from.
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Uses the current England, Wales and Northern Ireland bands: personal allowance £12,570 (tapered above £100,000), basic rate 20 percent to £50,270, higher rate 40 percent to £125,140, additional rate 45 percent, with employee National Insurance at 8 percent between £12,570 and £50,270 and 2 percent above. Scottish income tax bands differ. A guide, not tax advice, and it excludes pensions, student loans and benefits in kind.
What will the Budget mean for your organisation?
PEF Consulting Partners helps businesses and public bodies turn fiscal and regulatory change into a delivery plan rather than a scramble. If the Budget will move your numbers, a short conversation before 28 October is worth having.
Sources for register entries include HM Government announcements and reporting collated by Which? and Grant Thornton. Entries are dated and marked confirmed or rumour; nothing here is financial advice.