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Grand Herald US session desk (2026-10-21): Nomura’s UK budget preview expects Chancellor Healey, at his first budget on 28 October, to allow fiscal headroom to fall to around £15bn. Following September… Primary source: original at FXStreet (fxstreet.com).
United Kingdom: Budget faces limited fiscal flexibility - Nomura
Nomura’s UK budget preview expects Chancellor Healey, at his first budget on 28 October, to allow fiscal headroom to fall to around £15bn. Following September public finance data, the cash deficit is no longer surprising to the upside.