John Healey vows to give ‘breathing space’ to consumers and businesses in first budget

The UK chancellor has pledged to balance economic caution with relief for households and businesses in his upcoming budget, signaling a focus on easing financial pressures amid rising living and operating costs. Addressing journalists during the International Monetary Fund’s annual meetings in Bangkok, he emphasized adherence to Labour’s fiscal rules while acknowledging the strain on consumers and companies. The move suggests targeted support measures ahead of the financial plan’s release.

Speaking at IMF meeting, chancellor says he will stick to fiscal rules while recognising business and living costsUK politics live – latest updatesBusiness live – latest updatesJohn Healey has promised to use his first budget in a fortnight’s time to offer consumers and businesses a “breathing space” while sticking to Labour’s fiscal rules.Speaking to journalists in Bangkok, where he has been attending the International Monetary Fund annual meetings, the chancellor said he was conscious of rising costs. Continue reading...