economyUnited Kingdom
Labour figures question Healey’s approach to upcoming budget
6%
The yield on 30-year UK government bonds reached 6%
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person
John Healey
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- economyUnited Kingdom
UK energy bills rise as government faces pressure for support
The government is considering spending more than £1bn to help poorer households with rising energy bills. Ministers fear the Iran war could push the price cap up by as much as £442 in January, eroding the VAT cut’s benefit.
150GBPThe government removed £150 of costs from household energy bills earlier in the year
- economyLiverpool, United Kingdom
Healey pledges fiscal discipline and announces apprenticeship service
At Labour’s annual conference in Liverpool, Chancellor John Healey pledged fiscal discipline while supporting jobs and growth. He announced a local apprenticeship service, £6bn of shipyard contracts and a focus on finding work for almost 1 million young people not in education, employment or training.
6BGBPThe contracts announced for British shipyards were worth GBP 6000000000.
- politicsUnited Kingdom
Ravinder Athwal appointed adviser to John Healey
24BGBPThe spring forecast included a £24 billion buffer against uncertainty.
- economyUnited Kingdom
UK government borrowing exceeds forecasts in August
18.3BGBPUK public sector net borrowing in August was £18.3bn.