John Healey hit with devastating resignation days before Budget as advisor warns of ‘Liz Truss-style crisis’

The top advisor kept her position at the Exchequer despite former Chancellor Rachel Reeves’s departure, but revealed she had been left frustrated dealing with the new No11 occupant.

“With John Healey and Johnny Reynolds, I had to relitigate all the arguments I had already won and win them again,” Ms Depledge said, adding she had “barely any face time” with the new Chancellor.

Adding further pressure ahead of the budget, Mr Haldane, who advised Mr Burnham during his years as Greater Manchester mayor, insisted the Prime Minister must “take the knife” to public spending and cut taxes.

He said failure to do so would spark a crisis that could “crater” the economy.