Healey to Unveil UK Growth Plan, Warns Prosperity Must Reach Beyond London

Chancellor John Healey will outline plans on Monday aimed at driving long-term development across Britain, warning that growth must not be reserved for London and other big cities. The speech comes ahead of his first Budget on October 28. Healey is pressing ahead with major reforms to the Treasury's "rule book" to drive investment from the capital to the regions, and is changing the discount rate used to assess the value of transport, housing and social infrastructure projects.