John Healey taxes banks to fund energy cuts and boost defense spending
U.K. Finance Minister John Healey has deployed a calculated fiscal strategy to dampen a domestic cost-of-living crisis without spooking the bond markets. In his first budget delivered Wednesday, Healey balanced aggressive social relief—including energy bill cuts and grocery tariff removals—against a targeted tax hike on the banking sector and a long-term commitment to ramp up … Read more