Inside Briefing with the Institute for Government · Budget 2026: Does John Healey mean business?
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left a fiscal headroom buffer of £24 billion in March
£24 billion
“They're overfunded by about $60 billion ... realized return of about 9% a year, they're overfunded by about $110 billion ... Future Fund can play a very valuable role as a fiscal shock absorber”
“I was being paid $75 a day, three days a week. I mean, $20,000 a year. I left there at 24, making $23,000 a year.”
“Scott Besant… buying $6 billion in bonds… you’re talking about $6 billion versus a $40 trillion treasury market… it seems like it’s clearly failed because long-term rates have marched significantly higher”
“I hired a marching band. ... I was the leader of the marching band ... walking into the auditorium with the marching band behind me”
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