UK's finance minister Healey walks fiscal tightrope before first budget
Healey said fiscal discipline will guide the budget as higher borrowing costs and a £5 billion defence shortfall narrow his room for tax and spending choices.
- John Healey, the UK Chancellor, promised to control government spending and balance the books with a buffer to protect against uncertainty amid high government borrowing costs and global crises.
- Healey emphasized wealth creation and announced £150 million from the British Business Bank to support northern scale-ups, highlighting the importance of supply side economics and removing investment barriers through active state involvement.
67 Articles
67 Articles
Fiscal discipline cannot be abandoned but Chancellor needs to pull a rabbit out of the hat at his first Budget
Chancellor John Healey is right to pledge fiscal discipline ahead of his first Budget next month. The idea that markets can be ignored and that Britain can just spend its way out of trouble only works in the realm of student politics.
To reassure the markets, John Healey committed to controlling public spending but refused to exclude further tax increases at the time of the budget to be presented at the end of October.
John Healey’s speech: continuity is no crime
John Healey’s speech: continuity is no crime will.driscoll Mon, 07/09/2026 - 16:58 The summer’s Reeves to Healey switch was more continuity than change. 5 Comment Giles Wilkes Institute for Government Yes John Healey delivers his speech in Coventry on 7 September. Public finances Budget Labour Conservative No The past two decades have seen enough chancellor transitions to support a categorisation into two sorts: radical change and gentle evolu…
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