It’s time to build the UK’s financial defences and slash the size of the state, says ALEX BRUMMER

Since his arrival at the Treasury, John Healey has talked of giving the economy ‘breathing space’ after the hyperactivity of his predecessor’s time in No11.

The Rachel Reeves Budget of last November scored 88 policy and tax changes on top of 70 the year before. 

That left businesses, consumers, HMRC, and civil servants responsible for administering changes with fierce policy indigestion.

Remarkably, while Europe’s other big economies, Germany, France and Italy, are stagnating, Britain is growing at a 1.3 per cent clip. 

This begs the question of why Prime Minister Andy Burnham is anxious to get closer to the European Union.

Being out of the

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