The Latest Breaking News from John Healey

The perilous economic conditions facing the UK can be traced back to Trump

As John Healey drafts his autumn budget, the US president’s policies continue to inflate debt servicing costs

The Guardian - UK · Sep 13

‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable?

With the budget looming, arguments rage over whether ministers should scrap a pledge popular with millions

The Guardian - UK · Sep 12

AI spending splurge helps UK economy grow in July

Gross domestic product (GDP) increased by 0.4% in July, following growth of 0.3% in June, official figures showed.

Evening Standard · Sep 11

JP Morgan boss meets Burnham and Healey to warn against bank tax rise

Jamie Dimon tells UK politicians before October budget that investment could be at risk, it is understood

The Guardian - UK · Sep 9

Global Market: Record UK gilt yield raises fiscal pressure ahead of October Budget

Britain sold £4.25 billion of 30-year gilts at a record-high yield of 5.8168%, underscoring rising borrowing costs and fiscal pressures. Despite the elevated yield, demand remained strong, with orders exceeding £87 billion, as investors continued to favour UK government debt.

The Economic Times · Sep 9

Burnham urged to tackle inequality with policies including wealth tax

Key thinkers suggest other radical measures in Compass report such as free personal social care and abolishing Lords

The Guardian - UK · Sep 9

UK government pays highest interest rate on 30-year bond since 1998

High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budget

The Guardian - UK · Sep 8

Government has ‘given the go-ahead’ to Heathrow expansion, says Chancellor

Prime Minister Andy Burnham has previously expressed concerns over the plans to build a third runway at the west London airport.

Evening Standard · Sep 8

Heathrow third runway: Full speed ahead for expansion of west London airport, signals Chancellor John Healey

‘After years of delay, indecision, often vexatious challenge, we have given go-ahead to this project because economic case stacks up,’ says Chancellor

Evening Standard · Sep 8

‘Everything is against us’: Jaguar Land Rover suppliers voice fears amid carmaker’s cutbacks

Firms warn of impact of company’s decision to to axe 4,000 jobs and call for government to support sector

The Guardian - UK · Sep 8