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John Healey has warned of “hard choices” ahead as pressure builds on the Government before next month’s Budget.

In his first major speech as Chancellor, Healey defended the Government’s economic plans, pledged to stick to his fiscal rules and addressed concerns over rising borrowing costs. But he stopped short of ruling out further tax rises as questions grow over how the Government will balance the books.

Watch the key moments from the Chancellor’s speech and what they could mean for the upcoming Budget.

#JohnHealey #UKPolitics #Budget2026

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