Tuesday, 08 September 2026 · World
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EUROS The World Financial Report
Nº 59 Tuesday, 08 September 2026 · World Edition
Economy

Opposition parties accuse Healey of offering ‘more of the same’ in his first major speech as chancellor, UK politics live

Euros Room · 1d ago
Opposition parties accuse Healey of offering ‘more of the same’ in his first major speech as chancellor – UK politics live

Chancellor accused of being ‘continuity Rachel Reeves’ and giving ‘dire and dreary speech’ as JLR announced 4,000 job losses Chancellor to argue UK economy can ‘turn corner’ despite bond market turmoil Healey says Andy Burnham set out in his statement to MPs last week what he thought had gone wrong The fundamentals of our economy [were] hollowed out through a series of past policy decisions, political power was centralised, weakening the relationships between the people, the businesses and the institutions who can make things happen beyond Whitehall. The economic enablers were privatised and o

Opposition parties have criticised John Healey for sounding too much like Rachel Reeves in his speech.

double quotation mark John Healey sounds increasingly like continuity Rachel Reeves. Warm words about growth will not make growth a reality or cover up the enormous damage Labour have done to businesses and family finances.

Healey failed to end uncertainty by ruling out more tax rises, failed to set out a serious plan to reform welfare, and failed to commit to funding defence properly, the very issue he resigned over as defence secretary. Even as Jaguar Land Rover cuts jobs, he offered no pause to Labour’s job-destroying employment red tape and no measures to get ruinously high energy bills down.

This is from Robert Jenrick , the Reform UK Treasury spokesperson.

double quotation mark On the day 4,000 people are losing their jobs, Healey gave a dire and dreary speech that will change absolutely nothing. John Healey is beginning to make even Rachel Reeves seem inspiring.

And this is from Ellie Chowns, the Green party’s Treasury spokesperson.

double quotation mark Once again Britain is promised a new economic vision for the future, and once again we are delivered more of the same, from another government unwilling to truly grasp the nettle on wealth inequality and deliver for our communities.

The Green party is clear that the biggest priority must be building economic prosperity that is sustainable, equitable, and genuinely meaningful, not simply chasing ever-more growth for its own sake, regardless of impact.