英國預算責任辦公室：與先前計劃相比，預算計劃放緩了近期整頓步伐。

Chancellor Healy, unveiling Andy Burnham’s first Labour government budget, pledged fiscal discipline while tapping last year’s fiscal headroom to blunt the impact of a US–Iran war, saying the conflict has pushed up inflation and increased costs for households and businesses. He forecast fiscal headroom would fall to £15bn in 2029/30 — broadly in line with economists’ expectations — before recovering to £22bn in 2030/31, and said the buffer would be used now and rebuilt when conditions allow. The budget eases household energy bills and raises revenue via a bank tax. Gilts ticked higher during Healy’s speech; the 10-year gilt yield fell 2bps to 5.32%. GBP/EUR rose about 0.2% to 0.8377.

Sources say Russian refinery crude throughput has risen 25% since drone attacks ceased in mid-October.