Rachel Reeves may be gone, but the spectre of the former Chancellor still hangs over new Prime Minister Andy Burnham’s first Budget, tying his and his new Chancellor John Healey’s hands with several policy pledges and promises that can’t simply be undone. New leader Mr Burnham has been determined to put his own stamp on his time in government, having already announced several headline policies of his own, including a six-month VAT cut on electricity bills and a £2 bus fare cap.
But the PM and the new Chancellor are still bound to deliver several key financial policies first announced by Rachel Reeves, including key state pension rules and a Cash ISA cut.
Because several of the policies Ms Reeves first announced were not scheduled to take effect until 18 months after she announced them, the new leadership is now having to set out another Budget without being able to undo financial policy which is set to go into force less than six months from now.
At the same time, Burnham and Healey must balance the books and avoid another Liz Truss economic meltdown.
Below is everything we know is definitely going ahead after the Budget 2026, including policies previously announced which will be put in place from April 2027, announced by Rachel Reeves and since confirmed to be going ahead under John Healey.
There will no doubt be further surprises, new policies and more details on existing financial plans, but these are the Reeves policies already announced that are currently set to go in place, barring unprecedented last-minute U-turns, and how they will work based on the details confirmed to date.
