Healey Won't Rule Out Tax Rises in First Budget Speech

Healey Won't Rule Out Tax Rises in First Budget Speech

In his first major speech, the new chancellor pitched an "active state" and a £150m northern fund but repeatedly declined to say whether taxes rise on Oct. 28.

ANDREW NEIL: Healey is in a real bind with bond markets and the Left

John Healey tried his best to be upbeat when he made his first major speech as Chancellor of the Exchequer yesterday.

Chancellor John Healey's speech, as it happened

Healey makes first speech as Chancellor pledging Labour shares same values as capitalism

Labour’s newly appointed Chancellor John Healey delivered his first major speech on the collapsing UK economy in Coventry yesterday. Healey tried to strike an optimistic note claiming that the UK is ‘turning the corner’ and insisting that the Labour government under Andy Burnham is committed to ‘wealth creation’ and growing the economy out of bankruptcy. […]