Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Healey Defends UK Budget, Warns 'Tough Decisions' Ahead
Business & Finance

Healey Defends UK Budget, Warns 'Tough Decisions' Ahead

Bloomberg Markets Thursday 29 October 2026, 06:00 UTC 1 min read
Key Points

Oct 29th, 2026 Healey Defends UK Budget, Warns 'Tough Decisions' Ahead Chancellor of the Exchequer John Healey defended his first budget against criticism that it lacked ambition, while warning the UK would face “tough decisions” about its spending priorities in the years ahead. Speaking to Bloomberg’s Caroline Hepker, Healey said a tax increase on banks would be temporary, and that he had urged the Bank of England to consider lenders’ international competitiveness in its review of capital...

Oct 29th, 2026 Healey Defends UK Budget, Warns 'Tough Decisions' Ahead Chancellor of the Exchequer John Healey defended his first budget against criticism that it lacked ambition, while warning the UK would face “tough decisions” about its spending priorities in the years ahead. Speaking to Bloomberg’s Caroline Hepker, Healey said a tax increase on banks would be temporary, and that he had urged the Bank of England to consider lenders’ international competitiveness in its review of capital requirements.
Healey Defends UK Budget, Warns ' (ORG) John Healey (PERSON) UK (LOCATION) Bloomberg (PERSON) Caroline Hepker (PERSON) Healey (ORG) the Bank of England (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Tech Rally Stalls as Alphabet, Samsung Disappoint

Oct 29th, 2026 Tech Rally Stalls as Alphabet, Samsung Disappoint A global rally in technology shares this week stalled after disappointing earnings from Alphabet and Samsung revived doubts over whether billions of dollars in AI spending will deliver sufficient returns. Bloomberg's Anthony Stephens reports.

Bloomberg Technology 14m ago

Vietnam's Vinacomin to keep coal output at 40 million tons a year up to 2030, state media reports

Vietnam's Vinacomin to keep coal output at 40 million tons a year up to 2030, state media reports HANOI, Oct 29 : Vietnam's top miner Vinacomin plans to keep coal output at 40 million metric tons per year through 2030 to meet domestic demand, mostly for power generation, state media reported on Thursday. The company will develop 18 mining projects in the northern province of Quang Ninh province to maintain the output, reported Vietnam News Agency • Vinacomin will also import 10 million to 20...

Channel News Asia 26m ago

'We need help for small businesses, not punishment'

People in Bilston react to the new Budget set out by Chancellor John Healey.

BBC Business 30m ago

Haulier blames fuel prices for diesel theft

Martin Pinches said someone had stolen 400 litres of diesel from two of his lorries

BBC Business 40m ago