John Healey will deliver his first budget as Chancellor on October 28, pledging to move "money and power out of Westminster". Announcing the date of the budget on Friday, Mr Healey promised plans would be "built on fiscal discipline". The start of Mr Burnham's premiership has seen a succession of announcements that are likely to call for additional spending from Mr Healey. 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. He also suggested Mr Healey should consider raising income tax, which would break Labour's 2024 manifesto pledge not to raise that levy, national insurance or VAT.