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Chancellor targets cost of living crisis in budget for a ‘difficult moment’

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Healey’s first budget offers only modest cost-of-living relief, deferring major decisions while attempting to project optimism during a difficult economic period.

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Healey hopes to give ‘hope for the future’ but only modest policies are expected with important decisions deferredJohn Healey has acknowledged the UK faces a “difficult moment” but insisted he would put the country on a better path as he delivers his first budget on Wednesday against a turbulent global economic backdrop.But despite the international uncertainty, the chancellor will signal “fresh hope for the future” as he attempts to sound a more optimistic note, by providing households with breathing space from rising cost of living pressures. Continue reading...

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