John Healey to put fiscal discipline at core of Oct. 28 budget

  • John Healey said fiscal discipline will anchor Britain’s October 28 budget.
  • October 28 is the date set for Healey’s first budget.
  • John Healey said high debt costs are diverting money from public services.

Britain’s finance minister John Healey said fiscal discipline will anchor his first budget on October 28, arguing that the cost of servicing high debt is diverting funds from public services. Speaking at the Labour Party conference in Liverpool, he said the budget would aim to give families and businesses breathing space, support growth and jobs in more places, and open a new chapter for Britain’s future. Healey called the country’s debt levels an affront to Labour Party values and said he and the prime minister were aligned on meeting the fiscal rules.

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John Healey to put fiscal discipline at core of Oct. 28 budget - CoinPost Terminal