Chancellor Promises Help for Households and Businesses in First Budget
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John Healey is the UK chancellor. He talked at an IMF meeting.
Healey said his first budget will help people and businesses. He called this 'breathing space'.
A budget is a plan for money in a country. The chancellor makes this plan every year.
Healey said he will follow fiscal rules. These are rules about government money.
He also said he knows about problems for businesses. He knows about the high cost of living too.
The cost of living means how much people pay for things like food and bills.
Healey spoke at a meeting of the IMF. The IMF is a big world money organisation.
People want to know what will be in the new budget. The budget is coming soon.
Vocabulary15 words
- budget
- a plan for spending and taxing money
- chancellor
- the UK minister in charge of money
- fiscal rules
- rules about how a government uses money
- IMF
- a big world group that helps with money problems
- consumers
- people who buy things
- cost of living
- how much money people need for daily life
- breathing space
- time or help to make things easier
- businesses
- companies that sell things or services
- government
- the group of people who run a country
- meeting
- when people come together to talk
- plan
- an idea about what to do
- money
- what people use to buy things
- rules
- things you must follow
- problems
- difficult things
- world
- all the countries together
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Quiz
Answer key
1. The UK chancellor 2. 'Breathing space' to consumers and businesses 3. At an IMF meeting
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
John Healey is the UK _____. He talked at an _____ meeting.
Healey said his first _____ will help people and businesses. He called this '_____ space'.
A budget is a _____ for money in a country. The chancellor makes this plan every year.
Healey said he will follow _____ rules. These are rules about government money.
He also said he knows about problems for _____. He knows about the high cost of living too.
The _____ of living means how much people pay for things like food and bills.
Healey spoke at a meeting of the IMF. The IMF is a big world money _____.
People want to know what will be in the new _____. The budget is coming soon.
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