Healey warned party members that the funding available during the Tony Blair era is no longer accessible and stated that he and Prime Minister Andy Burnham are united in meeting existing fiscal rules. The chancellor's remarks set the stage for the government's first budget, with Burnham scheduled to address the party conference at 2 p.m. on Monday.
Tuesday, October 20, 2026
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UK 10 Year Gilt Yields Hit 19 Year High After Healey's Speech
Global Markets22 days ago
Traders ramped up bets against the British pound on Sunday as bond markets reacted to Chancellor John Healey's first address to the Labour Party conference. Investors drove 10 year gilt yields to a 19 year high after Healey insisted that the new government would maintain strict control of national finances to prevent volatility ahead of next month's budget.
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