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Chancellor vows budget will address mounting economic pressures

John Healey promised the Budget will respond to rising costs expected to strain households and businesses in the months ahead.

Chancellor John Healey has pledged that the upcoming Budget will tackle the economic challenges facing the country. Speaking at International Monetary Fund meetings in Bangkok, Healey said the government had taken action since taking office to ease pressures on both households and businesses. He committed to ensuring the Budget would "meet the moment" as costs are forecast to rise across the economy over the coming months.