The chancellor has confirmed he will deliver the first Budget of Andy Burnham's government as he vows to stick to Labour's fiscal rules despite a series of policy announcements. He said the Budget would "meet our fiscal rules" and "give businesses and families some of the stability they need to plan for the future". Stephen Millard, Niesr's deputy director for macroeconomics, suggested Mr Healey should look at the welfare bill or the pensions triple lock as areas for potential cuts. That pledge, along with the fiscal rules set by Rachel Reeves on borrowing, are likely to constrain Mr Healey's room for manoeuvre. "That is why we will abide by the fiscal rules, ensuring we retain a buffer to protect us against uncertainty and the impact of instability in the Middle East."