Healey's Budget Balances Market Discipline with Cost-of-Living Relief
Chancellor John Healey is preparing a Budget focused on fiscal discipline to reassure bond markets, while attempting to provide targeted cost-of-living support. The UK economy has outperformed forecasts, but rising inflation and borrowing costs limit his options. Healey aims to maintain a fiscal buffer of £15-20bn to preserve credibility, potentially deferring major spending decisions until 2027.