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Healey prepares first budget under Burnham

Chancellor John Healey is preparing his first budget under Prime Minister Andy Burnham, with plans focused on household costs and greater powers for local leaders.

Chancellor John Healey prepares his first budget. It is under Prime Minister Andy Burnham.

The budget may help poor households. Energy costs are higher.

It may also raise some taxes. Some measures may affect banks.

Healey wants a “breathing space” for families and businesses.

A devolution plan may help local leaders. It would let them borrow £1.5 billion.

It would give £285 million at first. Councils would get £150 million.

This would help councils build office teams.

A former shadow minister said this. A good budget could create good conditions.

This could help an early election next year. But this is not certain.

Section: Business

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