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British politician (born 1960)
John Healey is a British politician who has served as Chancellor of the Exchequer since 2026. He previously served as Secretary of State for Defence from 2024 to 2026. A member of the Labour Party, he has been the Member of Parliament (MP) for Rawmarsh and Conisbrough, formerly Wentworth and Wentworth and Dearne, since 1997. He previously held various junior ministerial positions under prime ministers Tony Blair and Gordon Brown from 2001 to 2010.
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Balance sheet of the British government
The Budget of His Majesty's Government is an annual budget set by HM Treasury for the following financial year, with the revenues to be gathered by HM Revenue and Customs and the expenditures of the public sector, in compliance with government policy. The budget statement is one of two statements made by the Chancellor of the Exchequer in the House of Commons, with the Spring Statement being made the following year.
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Supporters of planned tax, however, say banks were bailed out by taxpayers during the financial crisis and can afford to pay more now
Chancellor John Healey is facing competing demands to raise billions in extra taxes – including on banks – and to cut business costs as he prepares to deliver the first Budget of Andy Burnham’s Government.
The Chancellor said the British people expected Government departments to ‘manage with the budgets we’ve got’.