UK Chancellor Healey: I will build on Reeves' move to recover fiscal discipline

United Kingdom (UK) Chancellor of the Exchequer John Healey signaled in a scheduled speech during the European trading session on Monday that the government will continue focusing on maintaining fiscal discipline, in an attempt to contain higher borrowing costs.

Comments

Global shocks are felt keenly in UK.

Our borrowing costs are at a historic high.

Growth is still fragile but fastest in G7 in H1 2026.

Productivity is finally picking up.

I want to draw line on rising costs in economy.

At the budget I will set out roadmap to fiscal devolution.

I will not let opportunity of AI to pass by, but will not allow it to proliferate without oversight.

We need to face ai risks around national security.

I share concerns people have about ai tech, it will change our labour market in ways that not even economists fully understand.

Market reaction

No major reaction is seen in the British Pound (GBP) following remarks from UK Chancellor Healey. As of writing, GBP/USD trades 0.15% higher to near 1.3536.