The Latest Breaking News from John Healey

Why has inflation risen and what does it mean for me?

September’s inflation rate of 3.5% means if an item cost £100 a year ago, it would now cost £103.50.

Evening Standard · Oct 21

UK government borrowing rises to £24.5bn as John Healey prepares for budget

Government paid £10.9bn in debt interest, the highest September figure since records began

The Guardian - UK · Oct 21

Inflation jumps to near-year high of 3.5% in pre-Budget blow to Chancellor John Healey

The rate of Consumer Prices Index (CPI) inflation was 3.5% in September, up from 3.1% in August

Evening Standard · Oct 21

Burnham government ‘not working for the economy’, PM’s former advisor warns

Andy Haldane calls on PM and chancellor to restrict spending and not to raise taxes on already-struggling households or on businesses

The Independent UK · Oct 20

Paddy Power owner blames tax rises for plan to shed up to 1,400 jobs

Flutter says one in 10 UK and Ireland workers at risk of redundancy because of a ‘material increase in betting and gaming duties’

The Guardian - UK · Oct 20

Badenoch takes aim at Healey over public finances ahead of Budget

Conservative leader Kemi Badenoch said Labour was seeking to kick tough decisions on spending into the long grass.

Evening Standard · Oct 20

Tell us how you’re going to pay for defence spending, Badenoch urges chancellor ahead of Budget

Conservative leader accuses Labour of seeking to kick tough decisions on spending into long grass

The Independent UK · Oct 20

UK’s jobless rate falls but shrinking vacancies a ‘bitter blow’ to jobseekers

However, the number of vacancies available to workers has seen its biggest decline since the start of the year as job opportunities dry up.

Evening Standard · Oct 20

Covid inquiry report shows why culture of care workers being undervalued must end, says Andy Burnham – as it happened

The prime minister endorses report that says the adult social care sector has been under-recognised

The Guardian - UK · Oct 20

Healey to reject calls to raise capital gains tax in budget

Cabinet colleagues have previously called for an increase but chancellor feels it might ultimately cost the Treasury

The Guardian - UK · Oct 20