UK Finance Minister Healey Unveils Growth Plan
UK finance minister John Healey announced plans to decentralize power and give city regions greater control over industrial strategies. The move aims to drive economic growth ahead of the October budget.
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United Kingdom finance minister John Healey pledged to cut regulatory costs 25% by 2029 while decentralising power to revive economic growth. The pitch arrives as the country's growth leads the G7 in the first half of the year, despite mounting fiscal pressures. Healey faces a delicate balancing act ahead of his debut budget on October 28, constrained by tighter budget headroom and spending demands.
