Martin Lewis warns of 'great difficulty' for the prime minister and chancellor ahead of next week's Budget

From the Newshound archive · first published 22 October 2026.

Households are already bracing for pain. The consumer outlook for the economy over the coming quarter worsened this month, dropping from minus 34 to minus 40. Chancellor John Healey insists he will 'back business' despite mounting pressure to raise taxes. Next week's Budget will give the clearest signal yet of the Burnham administration's economic direction.

British Chambers of Commerce wants employer national insurance cut for under-25s.

Business leaders are also pressing for lower energy costs and business rates.

Glasgow's Chamber of Commerce wants Healey to unlock a £7bn prize for the city.