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🇬🇧 United Kingdom /Economy & Trade

John Healey backs growth but says Labour must be honest about spending

From The Guardian · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

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  • Chancellor John Healey said boosting economic growth would be his defining mission in his first major speech since taking office in July.
  • He said Labour must be honest about controlling public spending at the 28 October budget while following the government's fiscal rules.
  • Healey declined to answer whether the government would need to raise taxes.

John Healey has made economic growth the defining mission of his time as chancellor, but he also warned that Labour must be candid about controlling public spending.

In his first major speech since taking the job in July, Healey said the top priority for the 28 October budget would be stronger growth across the United Kingdom. He paired that goal with a firm commitment to the government's fiscal rules.

Healey did not say whether taxes would have to rise. Instead, he stressed the need for Labour to be honest about spending pressures as it prepares the budget.

be honest

· John HealeyHealey said Labour must be candid about the need to control public spending at the upcoming budget.
About this summary

Originally published by The Guardian in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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