EconomyCan the UK afford to offer more help with the cost of living?

Prime Minister Andy Burnham’s Labour government has presented a cautious budget, an early test of its promise of change. Finance Minister John Healey says it will give families and businesses “breathing space”. Measures include help with energy bills, higher taxes on banks and expanded investment powers for regional mayors, alongside a pledge to control public finances. Growth has exceeded forecasts, while inflation and government borrowing have also come in higher.