Politics
Chancellor Healey urges 'confidence about Britain' despite 'historic high' borrowing costs
September 9, 2026 at 07:28 AM
Coverage
4 reports · 1 in Arabic, 3 in English · over 42 hours
TGThe Guardian
UK government pays highest interest rate on 30-year bond since 1998
(opens the publisher’s site)
BNBBC News
Faisal Islam: Chancellor's attempts to boost vibes may limit tax rises
(opens the publisher’s site)SNSky News Arabia
وزير المالية البريطاني يرفض الحديث عن الضرائب قبل الموازنة
(opens the publisher’s site)
BNBBC News
Chancellor calls for ‘confidence about Britain’ despite ‘historic high’ borrowing costs
(opens the publisher’s site)In his first major speech as chancellor, John Healey acknowledged "historic high" borrowing costs and 4,000 job losses at Jaguar Land Rover while declining to discuss tax decisions ahead of the 28 October Budget.
- Healey delivered his first major speech at the Coventry Manufacturing and Technology Centre, calling for "confidence about Britain" and describing the UK as "turning the corner."
- He refused to comment on tax decisions ahead of the 28 October Budget, promising only to "balance the books" and "control public spending."
- The 4,000 office-based job losses at Jaguar Land Rover were confirmed as Healey answered questions nearby; he said "times are tough."
- He announced a £150m fund for companies in the north of England as part of a plan to spread economic growth more evenly across the UK.