John Healey gave his first major speech as Chancellor on Monday, aiming to show that the economy has ‘turned a corner’. But his comments have been overshadowed by a background of turmoil in the bond markets, thousands of job cuts, and speculation that he is offering very little different to his predecessor Rachel Reeves. So what did this speech tell us about the new Chancellor? And will he have to raise taxes at the budget in October?
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Guest: Jack Barnett, economics correspondent, The Times.
Host: Manveen Rana.
Producers: Leo Danczak, Shabnam Grewal.
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Read more: It’s decision time for Andy Burnham if he wants to win over markets
Further listening: The Business: Scott Bessent, bond markets and the threat to UK borrowing
Clips: BBC, Sky News, Channel 4, The Andrew Neil Report.
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