Chancellor Healey Hints at Tax Rises Amid Budget Cuts Demand
UKPulse News Desk
Chancellor John Healey has stated that he and Prime Minister Andy Burnham have instructed ministers to implement budget cuts to fund the Prime Minister's spending pledges. Mr Healey also indicated that tax rises could not be ruled out in the upcoming October budget.
- Chancellor John Healey has told ministers to cut budgets to fund PM Andy Burnham's spending pledges.
- Mr Healey stated that economic stability is a "fundamental" priority.
- Tax rises in October's budget cannot be ruled out, according to the Chancellor.
Chancellor John Healey has reportedly told ministers that they must make cuts to their budgets to pay for Prime Minister Andy Burnham's spending pledges. Mr Healey, described as the "iron chancellor" by The Times, stated that economic stability is a "fundamental" priority for him.
The Chancellor also added that he could not rule out tax rises in the October budget.