WORLD · VERIFIED DEVELOPMENT
Britain's New Finance Minister to Deliver Key Speech on Growth
WHY IT MATTERS
The speech is crucial as Britain's GDP grew by only 0.4 percent in the three months to June, and rising bond yields have left Healey with the highest cost of servicing government debt for decades, limiting his ability to intervene in key industries.
What happened
Britain's new finance minister, John Healey, is set to deliver his first major speech on September 7, focusing on boosting the country's ailing economic growth. The speech is expected to outline a broader vision and initiatives, including Prime Minister Andy Burnham's promises to hand more economic levers to regional leaders.
Healey's address will likely focus less on individual spending policies ahead of the October 28 budget and more on a pro-growth approach.
The Treasury has declined to comment on the speech, which is expected to be held at a manufacturing plant outside London.
PRIMARY SOURCES
Britain’s new finance minister sets date for first big speech on growth
POLITICO Europe · Dan Bloom · Discovery only; POLITICO copyright and subscription terms apply