A week today John Healey, the chancellor, will be doing a media round defending the budget he is presenting on Wednesday next week.
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he → do → Wednesday
Ahead of that, he has given an interview to Patrick Maguire from the Times.
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he → give → Times
As you would expect, there is no real detail in it about the measures he will be presenting to MPs.
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he → expect → MPs
But the big picture message is very clear – and quite surprising, coming from a chancellor serving a PM who in some respects is steering left compared to his predecessor.
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who → come → predecessor
Healey says that he wants to be on the side of bloody-minded entrepreneurs who make a profit, he acknowledges that government has made their life harder over the past two years, and he suggests that cutting the ‘cost of living’ for business is just as important as cutting the real cost of living for families.
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cutting → say → families
In the quote that gives the Times its splash headline, Healey says:
I want to be a chancellor who backs business in Britain making a profit, and those entrepreneurs who, in the end, are the ones who challenge the status quo, come up with innovative ideas and are trying, some of them through sheer bloody-mindedness, to keep going through these sorts of pressures …
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who → give → pressures
If you’re not making a profit, you’ve got nothing to put back into the business.
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you → make → business
And for the people who start up these businesses, the ones who really thrive and grow, they have to make a profit — and they will be much more inclined to put it back into their own business.
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they → start → business
But we want it to grow here and stay here.
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it → want → ?
And this is what he says about the government has recently been putting “a lot of pressure” on business.
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says → say → business
If you talk to any of the businesses that have come in and have either had one-to-ones or round tables with me, I have recognised that in recent times there’s been a lot of pressure: employment law, regulation, tax, input costs, supply chains.
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I → talk → pressure
And so when I talk about the cost of business, and recognising that in the same way as we’re recognising the cost of living pressures, I’m conscious of that as I go into the budget for both businesses and households.
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I → talk → businesses
All chancellors – including all Labour chancellors – say they want to help businesses make a profit.
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businesses → include → profit
But many people in the business community suspect that, when they face fiscal pressure, Labour government will usually default to treating business as a cash machine.
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government → suspect → machine
Healey’s comments about wanting to be seen as “a chancellor who backs business” and about how tax rises and the Employment Rights Act have increased costs sound like an implicit rebuke to Rachel Reeves, his predecessor.
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rises → want → Reeves
In his interview Healey defends her decision to increase employer national insurance, saying she had to deal with the “dereliction of duty” of the last Tory government on the economy.
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she → defend → economy
But Healey still gives the impression of wanting to be seen as markedly more pro-business than Reeves.
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Healey → give → Reeves
In his interview Healey does not give details of how he will cut costs for business next week.
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he → give → business
But, in his write-up, Maguire says:
[Healey] is expected to use the budget to make significant cuts to regulation on businesses that one senior Treasury source described as “the sludge choking firms”.
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source → say → firms
Reporting requirements are likely to be abolished for many smaller enterprises, The Times understands.
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Times → abolish → enterprises
The ONS publishes crime figures for England and Wales and – separately – annual gender pay gap figures.
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ONS → publish → England
Ofgem chief executive Tim Jarvis and Department for Energy and Net Zero permanent secretary Jonathan Brearley give evidence to the Commons public accounts committee about achieving clean power by 2030.
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Jarvis → give → 2030
Kemi Badenoch gives a speech at the Police Federation’s annual conference.
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Badenoch → give → conference
Andy Burnham is in Manchester where he is getting a flu jab, and also holding a meeting with mayors at No 10 North about mayors retaining revenue from business rates.
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mayors → get → rates
Downing Street holds a lobby briefing.
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Street → hold → briefing
Miatta Fahnbulleh, the energy secretary, speaks at a lunch at the Commons hosted by lobby journalists.
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Fahnbulleh → speak → journalists
I’m afraid we are no longer able to have comments open below the line every day on this blog.
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comments → ’m → blog
If you want to contact me, please email politics.live@theguardian.com.
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you → want → politics.live@theguardian.com
You can use this email to flag up corrections, comments for publication, questions or complaints.
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You → use → publication
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