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BRIEFING
27 OCT 2026
Briefing · 3 stories

The briefing: Tuesday 27 October

Three stories worth knowing today, in plain English: what happened, why it matters and what comes next.

1 · UK politics

Budget day is tomorrow, with the OBR's new forecast out at the same time

New today: The Budget is now one day away, and the OBR has confirmed its forecast will be published alongside it.

Chancellor John Healey delivers his first Budget on Wednesday 28 October, under Prime Minister Andy Burnham. The Office for Budget Responsibility publishes its economic and fiscal forecast the same day.

Why it matters: The OBR forecast sets how much room the Chancellor has. That decides what is left for tax, spending and help with bills.

What next: Healey speaks in the Commons on Wednesday 28 October. The OBR forecast is published the same day.

Read our full piece →

Sources: HM Treasury, 31 July · Office for Budget Responsibility

2 · Economy

Bank of England decides on interest rates on 5 November, with Bank Rate at 3.75%

The Bank of England held Bank Rate at 3.75% at its meeting on 17 September. Its next decision is on Thursday 5 November. Inflation rose to 3.5% in September, above the Bank's 2% target.

Why it matters: Bank Rate sets the price of borrowing. A rise would make new mortgages and loans dearer for households and firms.

What next: The Bank announces its decision on Thursday 5 November.

Read our full piece →

Sources: Bank of England · ONS

3 · Society

English housebuilding starts are up 20% on a year ago, but permissions are down 12%

Builders in England started 35,910 homes between April and June, up 20% on a year earlier. Completions were 35,800, up 1% on the year. Permission was granted for 212,000 homes in the year to June, down from 242,000.

Why it matters: Permissions feed future building, so fewer of them make the 1.5 million homes target harder to reach. That matters most to renters and first-time buyers.

Sources: Ministry of Housing, Communities and Local Government

How this is made. Each item is drawn from the sources linked under it, published on the record; nothing here is our own reporting. Our full pieces, where linked, carry the detail and the method.
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