Measures announced yesterday raise revenue for the Government, but there will be a hit to its spending power in the long run if Fuel Duty continues to be (repeatedly) frozen 👇
Real household disposable income growth in the 2020s will be the worst for any decade on record – ending just 1.4 per cent higher than when the decade started.
Read 'Spread thin' now ⤵️ buff.ly/YjD1xMN
Small change? 🪙
Chancellor Healey had two challenges to meet at his first Budget... and Ruth Curtice doesn't think he did quite enough on either ⤵️ buff.ly/9f5mj1k
🚨 Top of the charts Budget 2026 special
Ruth Curtice & the RF team have 5 charts to help you put Wednesday's Budget in context.
Despite some welcome news, this Budget has only pushed back a proper reckoning with the challenges we face.
buff.ly/Un6eZoT
We’re excited to be named a finalist for @SmartThinktank ’s Best Convener Award 2026!
This is for our series of events over the last 12 months, bringing together ministers and a range of expert perspectives on the UK's NEETs problem.
Funding defence commitments within existing budgets would squeeze funding for unprotected departments.
Without an increase in efficiency, levels of spending on unprotected departments risks failing to meet public expectations of service levels.
Our full Budget 2026 response➡️ buff.ly/YjD1xMN
Day-to-day spending is growing moderately in this Parliament.
On public services, this is set to grow by 1.7 per cent a year in real person terms between 2023-24 and 2028-29, similar to the two most recent periods under Conservative governments.
For our full Budget analysis📈⤵️
buff.ly/YjD1xMN
Diet starts Monday?
@GregoryThwaites explains why the Government's plans to cut borrowing in future years lack credibility ⬇️
Speaking at our post-Budget event, Stephanie Flanders agreed that the cost of living support announced on Wednesday is badly target for households.
And support will look even smaller come any further rises in oil prices and the energy price cap in coming months⤵️
While the £100 Household Energy Payment grabbed most of the headlines, another energy bill change announced on Wednesday got less attention.
On our Substack, @JMarshall_3 digs into the distributional impact of an overlooked bill change from the October 2026 Budget
buff.ly/y0mSEDl
What signal can we take from revised ONS productivity numbers?
At our event yesterday, OBR Chair Jonathan Haskel said that these revisions haven't solved the productivity puzzle🧩⤵️
Since Fuel Duty was last increased in January 2011, its real value has fallen by over 40 per cent.
If duty rates had risen in line with RPI, receipts would have been about £20 billion higher this year, enough to cut employee National Insurance by 2p.
The typical household will pay almost as much for energy this year as it did during the 2022 energy shock.
The UK is now five years into an energy-driven cos of living squeeze, and it's long been clear that this winter would be difficult for many.
Yet support in Wednesday's Budget was widely spread and badly targeted.
Full Budget analysis➡️ buff.ly/YjD1xMN

ALT Stacked-bar chart showing estimated annual cash gains by household income vigintile from Autumn Budget 2026 measures—council tax rebates, fuel duty freeze and energy VAT cuts. In cash terms, richer families benefit almost as much as poorer families from the cost of living package in Budget 2026.
The Budget will help a handful of renters to buy (via Your First Home), while support for tenants on the lowest income remains frozen.
The minimum wage rose by less than it could have.
The Low Pay Commission was conservative in its recommendations, making full use of its new freedom to be flexible in the face of labour market conditions.
Nye Cominetti explains why that's a good thing ⤵️ buff.ly/fy28DlM
Does this Budget point towards a spring election?
We discussed it, on the latest episode of High Resolution ⤵️ buff.ly/9f5mj1k
This Parliament’s income growth is expected to be progressive, with lower-income families benefiting most.
But for the rest of the Parliament, income growth for all non-pensioner families is set to be poor, for richer and poorer families alike.












