Britain's Chancellor of the Exchequer John Healey prepares to leave 11 Downing Street with members of his Treasury team, Britain's Financial Secretary to the Treasury James Murray, Britain's Chief Secretary to the Treasury Emma Reynolds, Britain's Economic Secretary to the Treasury Lucy Rigby, Britain's Exchequer Secretary to the Treasury Dan Tomlinson, Britain's Minister for Pensions Torsten Bell and Britain's Parliamentary Secretary at the Treasury David Pitt-Watson (obscured), in central London on October 28, 2026, before presenting the government's annual budget to Parliament. On Wednesday, John Healey will present his first budget, which will test its ability to support purchasing power and increase defence spending, all while working with limited financial leeway. (Photo by Stefan Rousseau / POOL / AFP via Getty Images)