Chancellor John Healey has announced that his first Budget will take place on Wednesday, 28 October. In a video message, he said it would shift money and power out of Westminster and into every postcode around Britain.
"This will be a Budget that moves money and power out of Westminster, and into every postcode around Britain.
"It will be built on fiscal discipline. It will meet our fiscal rules. It'll give businesses and families some of the stability they need to plan for the future.
"Now, let's get on with the job."
People can for the Politics Essential newsletter to read top political analysis, gain insight from across the UK and stay up to speed with the big moments. It will be delivered straight to inboxes every weekday.
This breaking news story is being updated and more details will be published shortly. Readers are being asked to refresh the page for the fullest version.
Breaking News on a smartphone or tablet is available via the App. Readers can also follow @BBCBreaking on X, external to get the latest alerts.
are listed with the story.
