Rt Hon John Healey MP
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Chancellor John Healey has backed the economic case for a third runway at Heathrow, contrasting with Prime Minister Andy Burnham’s refusal to endorse the proposal before further decisions.
The IMF has urged Chancellor John Healey to consider welfare, pension and tax-system reforms before increasing taxes on banks ahead of the 28 October Budget.
Official figures show UK GDP rose by 0.1% in August 2026, beating forecasts of a contraction, although construction and consumer-facing services weakened.
Chancellor John Healey has urged international partners to tighten restrictions on shipping services supporting Russia’s shadow fleet, as Washington considers easing some sanctions on oil tankers.
The UK government has pledged £17 million to help repair the protective shelter at Ukraine’s Chornobyl nuclear power plant following a Russian drone strike in 2025.
Downing Street has announced £45 million in surface-to-air missile deliveries for Ukraine, including £10 million accelerated for winter, as Andy Burnham asks ministers to prepare further sanctions and support.
Resolution Foundation estimates the Chancellor’s fiscal headroom has fallen from £24bn to £12bn and recommends around £8bn in tax reforms ahead of the Budget.
The IMF has raised its UK growth forecast for 2026 to 1.3%, but expects slower growth in 2027 and inflation to remain above the Bank of England target.
The IFS estimates that protecting departmental budgets and raising defence spending could require around £35bn in tax rises or benefit cuts.
The 10-year gilt yield touched 5.527% on 8 October amid a global bond sell-off, adding pressure ahead of John Healey’s 28 October Budget.
Google Maps now displays near-real-time UK petrol and diesel prices using the Government’s Fuel Finder data, helping drivers compare nearby forecourts.
Chancellor John Healey has pledged to stick to the Government's fiscal rules and said fiscal discipline will run through the 28 October Budget.
The Government has announced that three new floating docks for Britain's nuclear submarine fleet will be built in the UK through a competition restricted to British industry.
Ravinder Athwal, the economist closely involved in writing Labour's 2024 manifesto, is joining Chancellor John Healey's Treasury team as a senior special adviser amid continuing speculation over an early General Election.
UK public-sector borrowing reached £77.3 billion between April and August, placing it £8.1 billion above the Office for Budget Responsibility's forecast.
Chancellor John Healey is making the case for British manufacturers to be covered by the EU’s proposed Made in Europe industrial rules during finance-minister talks in Dublin. No agreement has been reached.
UK CPI inflation rose from 2.9% to 3.1% in August as higher petrol, diesel and air fares pushed up prices, according to the Office for National Statistics.
Downing Street says pensioners whose only income is the basic or new State Pension will not pay income tax on it during this Parliament, as the full new pension heads above the Personal Allowance.
The UK economy grew by 0.4% in July, significantly beating expectations for no growth, as services and computer programming helped drive the stronger-than-expected performance.
UK government borrowing costs have surged, with 30-year gilt yields reaching 5.925% — their highest level since 1998 — adding pressure on Chancellor John Healey ahead of his first Budget.
Britain has sold £4.25 billion of 30-year Government debt at a yield of 5.8168%, the highest borrowing cost at any gilt auction or syndication since comparable Debt Management Office records began in 1998.
The British Chambers of Commerce has urged Chancellor John Healey to replace the state pension triple lock with inflation-linked increases, estimating the change could save £3.3 billion over two years.
Chancellor John Healey is unveiling a £150 million British Business Bank fund offering investments of £5 million to £15 million to fast-growing companies across the North of England.
Reform UK plans investor meetings in London and New York as Robert Jenrick pledges more than £100 billion of spending reductions in the party's first 100 days in government.
Kemi Badenoch is setting out a Conservative plan for an extra £10 billion a year in defence spending and a 3% of GDP target by 2029-30, funded through welfare reforms and other spending cuts.
John Healey is set to deliver his first major speech as Chancellor on Monday, with UK borrowing costs at their highest level since 2007 and pressure mounting ahead of the 28 October Budget.
Chancellor John Healey says the 2027 Spending Review will set a target date for Britain to reach 3% of GDP on defence and a clear path towards the NATO core-defence commitment of 3.5% by 2035.
UK businesses now have full access to all 11 other CPTPP members after the agreement entered into force with Canada, completing Britain's accession to a trading bloc worth almost £13 trillion including the UK.
Kemi Badenoch has removed Sir Mel Stride as Shadow Chancellor and promoted Andrew Griffith to lead the Conservatives' economic team, with Claire Coutinho taking over the business brief.
Kemi Badenoch has reportedly asked Cabinet Secretary Dame Antonia Romeo to seek approval for formal pre-election Civil Service access talks as the Conservatives prepare for the possibility of an early election under Andy Burnham.
Chancellor John Healey is reportedly considering windfall taxes on banks and oil companies as Treasury officials look for ways to plug an estimated £4.7bn gap in the public finances ahead of the October Budget.
The UK Government has declared its support for the Falkland Islands 'unwavering' after a senior US official reportedly refused to rule out using Washington's position on the islands as leverage in the dispute over NATO defence spending.
Chancellor John Healey is reportedly preparing to shelve the 2030 deadline he once championed for defence spending to reach 3% of GDP as he confronts a £4.7bn funding gap in the existing Defence Investment Plan.
Mike Ashley has launched a fierce attack on Andy Burnham's high-street strategy, branding parts of the Government's business-rates approach ‘delusional’ and calling for urgent action on retail costs and shoplifting.
Chancellor John Healey has backed increased US economic pressure on Iran and revealed that the UK Government has imposed more than 240 sanctions on Iran since taking office.
Prime Minister Andy Burnham has refused to rule out tax rises in the October Budget as he warned that Britain's public finances are in a challenging position.
The UK borrowed £1.8 billion in July, £2.3 billion more than the OBR expected, adding to the pressure on Chancellor John Healey before October's Budget.
Britain’s economy grew by 0.4% between April and June, but the Bank of England expects underlying growth to slow to around zero as renewed Middle East conflict, higher energy costs and Budget uncertainty test Andy Burnham’s new government.
Prime Minister Andy Burnham will begin a month-long tour of the UK on Monday, promising to listen to communities and announce further measures addressing living costs, consumer practices and struggling high streets.
Businesses bidding for major central government contracts will receive greater credit for creating local jobs, apprenticeships, training and work placements under procurement rules taking effect in January 2027.
Chancellor John Healey will present the Government's next Budget on Wednesday, 28 October 2026, alongside a new economic and fiscal forecast from the OBR.
The Government has announced plans to work with major UK pension providers on a proposed £1 billion scale-up fund designed to invest in Britain's fastest-growing science and technology businesses.
Chancellor John Healey has confirmed the Treasury is committed to ensuring pensioners whose only income is the state pension will not pay income tax, as the triple lock pushes payments toward the personal allowance.
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