Department for Transport · Original source
The 28 October Budget confirmed a further £200 million to transform Leeds station by 2030, taking total investment to more than £300 million. Plans include a new central overbridge, three new entrances, nearly 40% more ticket barriers, more lift capacity and a longer platform 14. The station handles more than 27 million passengers a year, with almost 12 million more expected annually by 2043, and the work paves the way for the Transpennine Route Upgrade and Northern Powerhouse Rail.
Low Pay Commission · Original source
The National Living Wage for workers aged 21 and over will rise by 3.9%, or 50p, to £13.21 an hour from April 2027, after the government accepted the Low Pay Commission's recommendations in full. The rate for 18 to 20-year-olds rises to £11.27, and the 16-17 year old and apprentice rates to £8.31. LPC chair Baroness Philippa Stroud said growth had not led to hiring and stakeholders feared a further energy price shock.
HM Treasury · Original source
The UK will give Ukraine a further £10 billion of economic and military support, its largest ever financial package for the country, announced in the 28 October Budget. It includes £7 billion of economic support over three years, including up to £5.5 billion of World Bank guarantees, and a £3 billion increase in UK Export Finance capacity prioritised for military support, plus £500 million for Ukraine's air defences this winter. Prime Minister Andy Burnham and the Chancellor told President Zelenskyy beforehand.
Department for Business, Innovation, Science and Trade · Original source
The government and Rolls-Royce have agreed a multi-decade cooperation, starting with a jointly funded 10-year £2.5 billion programme to develop next-generation jet engines for single-aisle passenger aircraft and military planes. Announced in the 28 October Budget, the agreement is expected to support 3,300 jobs by the end of 2029, with the potential for tens of thousands more in later decades. Rolls-Royce estimates the programme could add £120 billion to the UK economy over its lifetime.
HM Treasury · Original source
Chancellor John Healey delivered the 2026 Budget on 28 October, pitched as breathing space for families and businesses. Measures include a £100 Household Energy Payment in 2027 for up to 20 million households in bands A to D in England, a six-month extension of the 5p fuel duty cut, a request to Ofgem to abolish gas standing charges, and a 3.9% rise in the National Living Wage to £13.21. The government says it is cutting borrowing and meeting its fiscal rules.
