John Healey warns of tough first budget as Middle East war puts pressure on economy

John Healey, the UK Chancellor, warned that the nation must build a financial “buffer” to weather rising uncertainty as global bond yields reach an 18‑year high. In a Financial Times interview, he linked the looming budget to the escalating conflict in the Middle East, noting that the war in Iran could heavily influence the October 28 fiscal plan. The chancellor’s remarks suggest a tougher budget ahead, aimed at safeguarding the economy against the fallout of international turmoil and volatile markets.

Chancellor says he wants to ensure country has ‘buffer’ against uncertainty as global bond yields hit 18-year highThe chancellor has indicated that the UK will face a tough budget next month due to Trump’s war in the Middle East.In an interview with the Financial Times, John Healey said the conflict in Iran would probably have a strong influence on his first budget on 28 October. Continue reading...