UK Chancellor Healey: No Blair-era spending blitz, vows business support

UK Chancellor Rachel Healey publicly acknowledged that fiscal constraints prevent a return to Blair-era public services spending, signaling a shift from Labour's earlier expansionary rhetoric. She pledged continued support for British businesses, but the admission marks a notable deviation from pre-election promises and sets expectations for a constrained fiscal environment. The statement is significant as it frames the government's economic policy direction ahead of the budget, with implications for UK growth and market sentiment.