John Healey warns of tough first budget as Middle East war puts pressure on economy

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UK Chancellor John Healey warns of a challenging budget due to economic pressures from the Middle East conflict. He emphasized creating a financial buffer amid rising global bond yields and geopolitical uncertainty ahead of his first budget scheduled for late October.

Chancellor told Financial Times he would ensure country had ‘buffer’ against uncertainty as global bond yields hit 18-year high The chancellor has indicated that the UK will face a tough budget next month due to Trump’s war in the Middle East. In an interview with the Financial Times, John Healey said the conflict in Iran would probably have a strong influence on his first budget on 28 October. Continue reading...