'Permanent transfer of power' | John Healey announces fiscal devolution plan in first major speech

John Healey has refused to rule out tax rises in October's budget as he dodged the question in a major speech in Coventry.

In his first major speech since taking over at the Treasury, Mr Healey acknowledged the impact of high government borrowing costs and promised to address the rising burden on businesses.

Mr Healey sought to present an optimistic assessment of the UK’s economic future despite the impact of global crises including the war in the Middle East and Russia’s invasion of Ukraine.

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