Britain's Economic Woes: A Tale of Two Visions John Healey's upcoming speech as Chancellor is expected to reassure nervous markets about Labour's economic stewardship, but his words may ring hollow for those worried about tax rises and government borrowing costs at their highest since the 2008 global financial crisis.
The UK economy has been sluggish, with growth hindered by rising inequality.
Healey's solution – "wealth creation" through strong city regions that bring together government, local leaders, and businesses to chase investment and jobs – is a familiar refrain in British economic policy.