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

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This story was selected and curated by our editorial team in the Budget category. Published on October 15, 2026 • Originally reported by Heather Stewart in Bangkok. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.

Speaking at IMF meeting, chancellor says he will stick to fiscal rules while recognising business and living costs

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 annual meetings, the chancellor said he was conscious of rising costs.

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