Chancellor Healey Pledges UK Fiscal Buffer

Summary

New UK Chancellor John Healey outlines his five priorities—fiscal discipline, growth in every postcode, backing British businesses through procurement, driving wealth creation, and making life more affordable—in a speech to finance executives at Bloomberg London.

• Healey pledges fiscal credibility and a buffer against uncertainty as the bedrock of economic stability.
• He promises to make government procurement favor British jobs, apprenticeships, skills, and innovation.
• He reiterates the goal to make Britain the best place in the world to start and grow a business.
• The government has already cut tax on electricity bills, capped bus fares, and reduced business rates for town-centre businesses.
• Healey stresses deepening the Treasury’s relationship with business and financial services to drive UK competitiveness.