Politics · 6 August 2026
Healey urged to borrow more for growth before October budget
New Chancellor John Healey faces calls from economists to increase public investment ahead of his first budget on 28 October. He needs to find ways to fund Prime Minister Andy Burnham's growth promises and cover a £5 billion defence spending gap. Some experts suggest allowing public corporations to borrow directly from markets, a method already used in other major economies.
Reported by Guardian · How we write briefs