John Healey vows to give ‘breathing space’ to consumers and businesses in first budget

Speaking at IMF annual meeting in Bangkok, chancellor says he will stick to fiscal rules while recognising business and living costs UK politics live – latest updates Business live – latest updates John Healey has promised to use his first budget in a fortnight’s time to offer consumers and businesses a “breathing space” while sticking to Labour’s fiscal rules.

Speaking to journalists in Bangkok, where he has been attending the International Monetary Fund (IMF) annual meetings, the chancellor said he was conscious of rising costs.

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