Healey says UK must control public spending in first major speech as chancellor

New chancellor John Healey has laid out the principles of his economic policy, saying he will stick to the existing fiscal rules and seek to control public spending while trying to boost growth in Britain.Healey emphasised his commitment to fiscal discipline and stimulating growth in his first major speech in his new position, delivered at a manufacturing plant in Coventry on 7 September.The cost of borrowing was a major focus. Gilt yields reached record highs last week with the yield on 10-year