John Healey backs growth but says Labour must be honest on spending
UK Chancellor John Healey has announced that his upcoming budget will focus on economic growth while emphasizing the need for fiscal discipline. He warned that the government must be honest about controlling public spending to manage economic pressures.
Why it matters
The speech signals a shift in UK fiscal policy, balancing regional devolution with the necessity of austerity measures amid rising borrowing costs.
John Healey said the budget would provide a roadmap for more devolution of tax and spending powers to regional mayors. Photograph: Betty Laura Zapata/PA John Healey said the budget would provide a roadmap for more devolution of tax and spending powers to regional mayors. Photograph: Betty Laura Zapata/PA Economics John Healey backs growth but says Labour must be honest on spending Chancellor ducks questions on whether he will have to raise taxes but says he will stick firmly to fiscal rules
Prefer the Guardian on Google John Healey has said boosting economic growth will be his defining mission as chancellor as he warned Labour had to “be honest” about the need to control public spending at next month’s budget.
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