Jump to contentAllNewsSportCultureLifestyleChancellor John Healey is set to deliver his first major speech emphasising wealth creation, regional growth, and fiscal credibility ahead of October's Budget. The Chancellor faces mounting pressure to clarify whether taxes will increase, following high UK borrowing costs and PM Andy Burnham's refusal to rule out tax rises. Healey will announce £150m from the British Business Bank for northern scale-ups alongside plans to reduce red tape, saving businesses more than £450m annually. Shadow Chancellor Andrew Griffith dismissed the upcoming address as a policy-light attempt that fails to alleviate concerns over economic stability and government borrowing. Reform UK Treasury spokesman Robert Jenrick warned that taxes on working people will inevitably rise, criticising the Chancellor's lack of economic vision. In full‘I want to see wealth creation’ John Healey to say as he tries to reassure nervous markets over economyMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
Chancellor to announce new £150m fund for firms in major speech
Jump to contentAllNewsSportCultureLifestyleChancellor John Healey is set to deliver his first major speech emphasising wealth creation, regional growth, and fiscal credibility ahead of October's Budget. The Chancellor faces mounting pressure to clarify whether taxes will increase, following high UK borrowing costs and PM Andy Burnham's refusal to rule out tax rises. Healey will announce £150m from the British Business Bank for northern scale-ups alongside plans to reduce red tape, saving businesses more than £450m annually. Shadow Chancellor Andrew Griffith dismissed the upcoming address as a policy-light attempt that fails to alleviate concerns over economic stability and government borrowing. Reform UK Treasury spokesman Robert Jenrick warned that taxes on working people will inevitably rise, criticising the Chancellor's lack of economic vision. In full‘I want to see wealth creation’ John Healey to say as he tries to reassure nervous markets over economyMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
