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

FXStreetSep 7, 2026 9:18 AM

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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.

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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.

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