UK Chancellor Healey Vows Fiscal Buffer to Shield Economy From Shocks
Updated
Updated · Bloomberg · Jul 23
UK Chancellor Healey Vows Fiscal Buffer to Shield Economy From Shocks
3 articles · Updated · Bloomberg · Jul 23
Summary
John Healey pledged to keep a fiscal buffer against uncertainty, saying he and Prime Minister Keir Starmer would work “in lockstep” to meet Britain’s fiscal rules.
On his third full day as chancellor, Healey framed tight control of public finances as protection against future economic shocks and said fiscal credibility is “the bedrock of stability.”
At a Bloomberg event in London, he paired that message with a pro-business pitch to City executives, signaling the new Treasury team will stress stability alongside support for investment.