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Key occasions

Heather Stewart

Healey is assembly with UK journalists now on the IMF in Bangkok, together with my colleague Heather Stewart.

The August print- a 0.1% development as a substitute of the anticipated 0.1% contraction – would have been very welcome information this morning, however he nonetheless faces a serious problem looking for money going into his 28 October finances.

The concept of elevating taxes on financial institution income has been floating round, and Healey is requested on this. He replies:

“I don’t need anyone to attempt to learn in or second guess what [we may] do in two weeks’ time.

My observations on the banks are simply that individuals too usually see them as a giant distant monetary establishments, when they’re hardwired into the financial cloth of this nation and our future prospects.

That mentioned, you recognize I’ve obtained choices to absorb the within the finances, and I’ll. I’ll set these out in two weeks’ time.

Healey added that his “particular accountability as Chancellor is to guard the resilience of the British economic landscape for the long run”.

He additionally repeated feedback welcoming the IMF’s assist for the UK’s fiscal plans.



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