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UK Chancellor Healey prioritizes growth, signals spending restraint ahead of budget
Guardian WorldLO·GB·about 17 hours ago
UK Chancellor John Healey warns that borrowing costs are at historic highs, with national debt rising from 64% to nearly 100% of GDP since 2009 due to high borrowing and low growth. This signals fiscal strain and potential pressure on UK gilt yields and sterling, though no policy action is specified.