The story so far · 2 days, October 21 to 24, 2026
One Turn followed this story across 2 editions, from London, United Kingdom on October 21, 2026. Newest first.
Andy Burnham became prime minister this year, and Healey is presenting his first budget. A chancellor is the UK's finance minister.
Open the latest on the 3D globe →
UK Chancellor John Healey said Wednesday's budget will commit hundreds of millions of pounds to AI for national security. Plans include £100m for what the government calls a "world first" AI Biosecurity Lab. Healey said Britain needs a "distinctively British" approach to AI.
Why it matters: The October 28 budget sets UK taxes and spending at a time of high energy bills.
Sources: The Guardian, BBC Business · See it on the globe
UK inflation rose to 3.5% in the year to September from 3.1%, driven by petrol and diesel prices, and government borrowing was the highest for a year. The figures come before Chancellor John Healey's Budget on October 28.
Why it matters: CNBC reported the data reinforced expectations of a Bank of England rate rise.
Sources: BBC Business, CNBC · See it on the globe