Budget confirmed for Wednesday 28 October 2026

The Chancellor confirmed on Friday 31 July 2026 that the Budget will be held on Wednesday 28 October 2026, writing to the Treasury Select Committee to set the date.

What has actually been announced

Only the date. In the Chancellor’s words: “Today, I’m confirming the date of my first Budget as Chancellor will be Wednesday 28th October.”

The accompanying announcement frames the Budget as being “built on fiscal discipline” and says it “will meet our fiscal rules”, with the stated aim of moving “money and power out of Westminster, and into every postcode around Britain”.

No tax rate, threshold or allowance change has been announced. Anything you read between now and 28 October about what the Budget “will” do to Income Tax, National Insurance, Capital Gains Tax or pensions is speculation, including speculation attributed to unnamed sources. We will not report a figure until it is in a published document.

Why the date matters even without announcements

A fiscal event is the point at which rates and thresholds can change, so the date is the deadline for decisions that are genuinely within your control:

• Anything with an annual allowance resets on the tax year, not the Budget - but a Budget can change the allowance for future years. ISA and pension annual allowances are the usual examples.
• Capital disposals are taxed by the rules in force on the date of disposal. If you were already planning a disposal, the Budget date is a fixed point to plan around rather than a reason to rush.
• Salary sacrifice arrangements and other multi-year commitments are worth reviewing after the Budget, not before it, because the rules that apply to them may be restated.

None of that is a recommendation to act pre-emptively on rumour. It is an argument for knowing the date.

What we will do

Our figures come from published legislation and HMRC guidance, so pages here will not change on Budget day itself. What changes is the day after, once documents are published: the Budget 2026 summary and the affected calculators are updated against the source documents, with each figure traced to its publication.

If you want to check what the current rules actually are in the meantime, the Personal Allowance guide and the 2026/27 tax year changes guide reflect the law as it stands today.