Do you believe Healey’s first Budget is good for the UK economy?
EconomyEnded 30 Oct

Do you believe Healey’s first Budget is good for the UK economy?

Yes 40%No 60%1,953 votes cast

Chancellor John Healey delivered his first Budget on 28 October 2026, three months after Andy Burnham became Prime Minister. It includes a £100 energy payment for council tax bands A to D, an extended fuel duty cut and wider business rates relief. The OBR forecasts growth of 1.2% this year and 1% in 2027, with real household incomes dipping and interest rates expected to rise. The IFS says the Budget accepts higher borrowing and contains little that will move the dial on growth.

Jump to opinions· 48

Healey's Budget lost comfortably, yet hardly anyone on either side called it bold. One No voter said it felt like going to a work meeting about the company's future and being handed “a book-token”; a Yes voter's top-rated defence was that it was lacklustre but better than the alternatives.

The most-respected No case was the most ideological: a voter citing the line that socialism eventually runs “out of other people's money”, and describing the UK as in a bad state. But the better-liked lines were about timidity. Voters called it “a total nothing burger” and said it avoided upsetting anyone ahead of an election, with another reading it as built to squeeze a general election in.

The Yes side's most-respected case argued that for ordinary households it offers targeted, necessary relief, and that borrowing to stabilise the ship is what a responsible Chancellor should do. Others were more muted: “Nothing to particularly celebrate”, said one. Even some No voters conceded it was not the disaster of earlier budgets, though they called it tinkering.

The argument sits inside the wider row over tax, welfare and growth. No voters wanted lower taxes and tighter spending; Yes voters wanted stability after earlier turmoil. Neither group described a Budget that moved the dial.

In the end, the verdict was a shrug that happened to count as a no.

“It might feel like a 'non-entity' if you were hoping for radical trickle down tax cuts, but for ordinary households, it provides targeted, necessary relief. Borrowing to stabilize the ship after the previous government's economic disasters is exactly what a responsible Chancellor should do. Delivering business rates relief and energy support isn't delaying decisions; it's protecting the working cl”

YES case · Tylbi · 2 respects

“"The problem with socialism is that you eventually run out of other people's money." Some Grantham greengrocers daughter said that, it's very true. TBF the UK is in a shit state. The welfare state is a runaway behemoth, the NHS is badly managed, immigration has been destroying communities, and utilities, food, in fact everything is so expensive now, unless you're lucky, you'll be in the poor house”

NO case · GingerNinja · 10 respects

60%
No
majority
40% Yes
Votes1,953
Skipped137
You—

% voting yes, by leaning

75% yes among H. Left voters, 83 of them
77% yes among Left voters, 211 of them
73% yes among C. Left voters, 208 of them
43% yes among Centre voters, 233 of them
12% yes among C. Right voters, 262 of them
1% yes among Right voters, 752 of them
0% yes among H. Right voters, 218 of them
H. Left
Left
C. Left
Centre
C. Right
Right
H. Right
Cite this result

refnation referendum, closed 29 October 2026: “Do you believe Healey’s first Budget is good for the UK economy?” — No 60%, weighted by political leaning (1,953 votes).

Free to quote with a link to this page — Copy includes it.

Download the counts (CSV) — the votes behind this result, by leaning, party, region and age.

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Debate

48 Opinions

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A no speech filter Gen X grafter
Voted noRight lean

"The problem with socialism is that you eventually run out of other people's money." Some Grantham greengrocers daughter said that, it's very true. TBF the UK is in a shit state. The welfare state is a runaway behemoth, the NHS is badly managed, immigration has been destroying communities, and utilities, food, in fact everything is so expensive now, unless you're lucky, you'll be in the poor house if you could afford it I wonder if The Donald™ is granting asylum to Brits yet?

The Fiscal Custodian
Voted noRight lean

I feel like I went to a work meeting about the company's plans for the future, and got given a book-token.

Lixhul· 1k
King in the north
Voted noRight lean

It was a total nothing burger, evidently avoiding upsetting anyone in preperation for a general election.

Bearcage· 416
The Frugal Realist
Voted noRight lean

Borrowing up, growth not delivered, key decisions delayed. Almost a total non-entity of a budget, although not the disaster of his predecessor’s budgets.

The Polymath
Voted noRight lean

Initially, I heard a few headlines that made me think, "They get it!" Talk of AI (in tiny amounts, but trying), entrepreneurs, and help for small businesses. Then I listened to Andrew Neil rip it all apart. Later, I saw a stat showing you start paying tax at only 1.8 times the new minimum wage. Pub?

zoomer· 64
The National-Interest Conservative
Voted noC. Right lean

If you voted yes you need to give your head a wobble. Safe, uninteresting budget that just maintains the status quo of managed decline.

The sound governance custodian
Voted noRight lean

No, but it wasn’t for the country. It was for Burnham & Labour interests. If you are on welfare it was just fine If you work for a living, it has just got worse When even Poundland are going bust, you know it’s really bad

The Constitutional Hardliner
Voted noRight lean

A nothing budget, just as I had said would be the case to my friends. The reason….this hard left socialist government does not want to spook centre leaning voters, in an attempt to hoodwink them into voting Labour at the general election that Burnham will call by May 2027 at the very latest. If Labour had done a typical tax raising, benefit giving budget that doesn’t get rid of illegals, doesn’t fund defence then centre voters would see they are the same hard left morons.

PODRox· 356
The Founder
Voted noRight lean

Fiddling while Rome burns. Zero growth policies, just sticking plasters at best.

Seneca· 534
The Minimal Sovereigntist
Voted noRight lean

More taxes, more welfare spending, more waste. A bad budget by a bad government. Jenrick’s Reform alternative budget would have been far better