New Chancellor John Healey is blaming his predecessor Rachel Reeves for leaving the economy in turmoil, vowing to restore business confidence and drive growth — a stark contrast to Reeves’ claims of economic strength. Healey’s message resonates with business leaders weary from tax hikes and cost pressures, especially after Reeves unveiled a £22 billion deficit that rattled markets. While Healey promises to back businesses as the engine of recovery, tough economic headwinds — from soaring oil prices to stubborn unemployment and high borrowing costs — remain. Businesses are listening, but they’re watching closely to see if his words translate into action.
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