ANDREW NEIL: Labour believes in deficit reduction on the never-never. The more Healey talked of prudence, the more we noticed his profligacy...

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Daily Mail

ANDREW NEIL: Labour believes in deficit reduction on the never-never. The more Healey talked of prudence, the more we noticed his profligacy...

Chancellor John Healey kicked off his first Budget by getting his excuses in first. The wars in the Gulf and Ukraine, he began, were creating global storms which could knock the UK economy for six.