Chancellor says UK economy 'turning a corner' despite debt concerns
John Healey detailed plans to spread growth more widely across the UK, ahead of his first Budget.
The chancellor is set to give an upbeat view of the state of the UK economy ahead of next month's Budget, building on a recent uptick in consumer and business confidence.
In a speech on Monday in Coventry, John Healey will talk of a "new story" of the economy not just turning a corner but being resilient, optimistic and "ready to seize the opportunities of new technologies and ideas".
But nearby, Jaguar Land Rover is planning to cut thousands of jobs to save costs following competition from China for cheap cars, US tariffs on UK vehicles and the after effects of a cyber attack.
Helen Miller, director of the Institute for Fiscal Studies, said: "Economic growth in every postcode sounds great and is something we would all love. I think it'll actually be much harder to achieve in practice."