Chancellor John Healey has announced the government's first budget will be delivered on 28 October, pledging to "spread money and power" out of Westminster and into every postcode across Britain.
The autumn budget, confirmed on Thursday, is the first under the new Labour government led by Prime Minister Andy Burnham. Healey said the spending and tax plans would give businesses and households stability for the future, while Labour sticks to its fiscal rules.
According to The Guardian, the chancellor will need to find money for Burnham's policies while keeping to those rules, as borrowing costs rise. The budget is expected to be a key test of the government's ability to deliver on its promises without breaking its financial commitments.