The ‘breathing space budget’ – breathing space for the government, that is | John Crace
This story was selected and curated by our editorial team in the Budget 2026 category. Published on October 29, 2026 • Originally reported by John Crace. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
John Healey aced the morning-after media round because his Martin Lewis measures left nothing to challenge him on
Maybe it had been one of the greatest acts of political genius after all. The day after the budget is usually the moment when things start to fall apart. When clued-up journalists and economists have had a chance to go through all the fine points the chancellor would rather everyone had missed. The forecasts that suggest everything is predicated on a wing and a prayer. The hidden unfunded tax cuts. The greater-than-expected spending commitments.
But on Thursday morning Andy Burnham and John Healey could afford themselves a sigh of relief. All had gone about as well as they could have hoped. It turns out that when you don’t make any massive tax or spending commitments, there isn’t a great deal to unravel. All there had been was a raft of small-scale interventions designed to help people with their personal finances. Call it the Martin Lewis budget. In fact, Healey and Lewis now seem unable to get through the day without spending some time with each other. They certainly can’t stop talking about one another. It’s becoming unhealthily co-dependent. The gods of small things.
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