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It has been an honour to have served as Shadow Chancellor for almost two years, alongside an exceptionally strong team and a great leader in Kemi.
I am especially proud of the work we have done to rebuild the Conservatives' economic credibility - an issue on which we now consistently lead in the polls - and to have developed the start of a radical and deliverable plan to turn our economy around.
If we care at all about people’s living standards, about delivering world class public services, a society at peace with itself and fully protecting our country in a challenging world, then we need a credible Conservative plan to deliver far stronger economic growth.
That starts with establishing fiscal responsibility and taking the tough choices on spending, allowing us to get on top of our debt and to cut taxes to support growth. I am proud that we have made an important start with our pledges to abolish Stamp Duty, cut business rates and increase the incentives for people (especially young people) to work, as well as tackling the overbearing state that is so often holding us back.
The Conservative party must continue to champion an approach which is both radical and deliverable. It is essential that the next Conservative government does things very differently, backing business like never before and getting government out of the way. The Conservatives have a good story to tell on this now and one that I know will continue to grow stronger and stronger under Kemi’s leadership.
I am now looking forward to continuing to make a real contribution to the Conservative team in parliament and beyond, to build and amplify our vision for Britain, from the backbenches.
Healey’s Budget will be built on sand. I write for CapX. capx.co/healeys-budget-will-…
BREAKING: Inflation highest in almost a year. Not all due to energy. Labour stoked demand with huge borrow and spend, higher taxes (some passed on to higher prices) and no strings attached public sector pay rises which damaged productivity. Labour own much of the inflation story.
BREAKING: Job vacancies have seen their largest fall this year, concentrated mainly in smaller businesses, who cite increased labour costs as a key factor. The budget next week must provide a shot in the arm for hard pressed SMEs. Lower tax. Less regulation. More jobs.
Great to meet Central Devon farmers at @nfutweets HQ. The government’s complete mismanagement of the SFI applications along with Blue Tongue, TB and planning reform high on the agenda. Thanks to all.
Spot on from @KemiBadenoch. Tax something and you get less of it: in this case less investment, fewer jobs, lower growth. Just like a CGT rise, a bank tax hike appeals to the Left’s instincts but is self-defeating, hurting the very people they profess to care about the most. Don’t do it, John.
Labour still haven’t learnt that taxes have consequences. John Healey and Andy Burnham need to learn quickly.
Rachel Reeves thought her jobs tax would be paid by businesses. Instead, workers paid the price through job losses and smaller pay rises.
Now Labour want to tax the banks because it looks like an easy way to raise money, doesn’t it?
But banks lend money to people buying homes and businesses creating jobs. Millions of people’s pensions are invested in them too.
Higher taxes mean a smaller pension for you, less lending and less investment, meaning fewer jobs and ordinary people paying the price again.
Labour can’t act shocked when this happens - they have been warned.
Worth checking this out from @the_tpa It’s hard working people who are picking up the tab for welfare.
Let’s get the benefits bill under control so that we can reduce taxes and get the economy growing.
benefitsdata.uk/mybill
Our @conservatives plan will bring business rates down for our high streets.
By controlling the welfare budget we can boost business.
Spot on from @PJTheEconomist 👇
This really is nonsensical. Claims £14bn could be raised by increasing CGT to income tax rates.
HMRC estimates that a 10% increase in CGT would *cost* £3.5bn. Exact magnitude can be disputed, but it sure as heck wouldn't raise close to £14bn.
thetimes.com/uk/politics/art…
Three points on this.
1) The elasticities around a hike of higher rate CGT mean this won’t raise significant yield. People control when gains fall due.
2) It will definitely punish investment incentives.
3) Whatever happened to ending damaging tax speculation ahead of Labour budgets?
Show some discipline, guys.
Mel Stride MP retweeted
Labour recklessly and cruelly imposed the Family Farm Tax and Family Business Tax despite knowing the damage they were inflicting on rural communities.
A full U-turn on these vindictive taxes is two years overdue. But if the new PM bottles it in the upcoming Budget, the Conservatives will axe them.
Labour is poised for U-turn on hated family farm tax in a victory for Jeremy Clarkson trib.al/KFT5s4Q
Mel Stride MP retweeted
A progressive tax systems asks people to pay more tax based on higher income or wealth NOT just because they live in an area where house prices are higher….
If the mansion tax threshold is reduced to £1.5m, where are the homes that now get taxed?
Here:
More in our analysis of this from July, now updated: taxpolicy.org.uk/2026/07/07/…
Very sorry to hear of the passing of the Prime Minister’s father. My thoughts are with him and his family at what will be a difficult time.
Great to be back in the Commons pressing the Chancellor to tackle the welfare bill so that we get taxes down and grow the economy.
Great to host my friend Arthur Laffer and colleagues for dinner last night and a roundtable today. We get the power of lower taxes. Let’s get public spending under control - especially the welfare bill - so we can bear down on the deficit, cut taxes and truly grow our economy.
Healey resigned as Defence Secretary to make a stand about spending 3% of GDP on defence, and to remove Starmer as PM.
Now he has shelved the defence spending target, and says that this is a 'continuity' government.
You could have saved us all a lot of hassle, John.
EXC: Chancellor John Healey’s start of term interview.
He tells me:
- Burnham is running a “continuity” government. This is “continuity of a Labour government with a change of leader”
- Asked about funding Burnham’s big vision outlined when he ran for leader Healey said it’s “not easy” to spend more and responds to q about major spending challenges by referring to “longer term” vision
- Says “fiscal discipline” is his first priority — and denies he’s had a change in top priority after resigning as defence secretary in June because government wouldn’t put a date on 3% defence spending. Asked if that’s “a shift” he says “no”.
- Says he moved into No11 Downing Street last week, has put up his dart board already but doesn’t have enough furniture because it’s so big — and says his wife is “worried about him living above the shop”
Do watch:
Produced by @emily__kinder @JackParkr Camera: @DeanMassey25
Healey's about turn on defence spending is as depressing as it is predictable.
He was willing to kick up on this earlier, but now he is the one making the choices it is the same old story.
Labour will always put welfare before defence.


















