UK Chancellor to detail regional growth strategy

Chancellor John Healey is set to announce a 150 million pound fund aimed at supporting businesses in northern England. The initiative is part of a broader strategy to distribute economic growth more evenly across the UK. The announcement precedes the Chancellor's first Budget. The government intends to focus on regional development to address long-standing economic disparities between different parts of the country. Market participants are monitoring the upcoming Budget for further details on fiscal policy and regional investment commitments.