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Healey Unveils £150M Fund to Boost North England Growth

9/7/2026

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Summary

Story summary

Chancellor John Healey announced an economic plan focused on optimism, grit and regional growth.
Healey unveiled a £150 million fund to support companies in England’s north.
He warned that house prices fell annually for the first time in three years.
Higher borrowing costs could erase up to £12 billion of the £23.6 billion fiscal buffer, including £4 billion.
Healey said defence spending of 3% of GDP will be deferred until the 2027 spending review.

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Story summary

Chancellor John Healey announced an economic plan focused on optimism, grit and regional growth.
Healey unveiled a £150 million fund to support companies in England’s north.
He warned that house prices fell annually for the first time in three years.
Higher borrowing costs could erase up to £12 billion of the £23.6 billion fiscal buffer, including £4 billion.
Healey said defence spending of 3% of GDP will be deferred until the 2027 spending review.