Healey, who was a surprise appointment to replace Rachel Reeves as chancellor, is expected to strike a confident tone in his address in Liverpool. Pre-briefing suggests the budget, due in four weeks on Wednesday, will be relatively low-key, with many decisions postponed until the spending review next year.
In excerpts released ahead of the speech, Healey ties his industrial vision to his South Yorkshire roots. "My politics were shaped by the industrial heartlands of South Yorkshire," he will say. "Today, on the site of the Orgreave pit, is Rotherham's Advanced Manufacturing Park. Our coal mines are not coming back. But this is how Britain's industrial past is being remade now for the modern world. This is the new age of industrialisation. A new confidence in Britain."
The announcement of new facilities to maintain nuclear submarines on the Clyde forms the concrete element of the speech, although no further details have been released. The chancellor is not expected to make major fiscal announcements at the conference, with the focus instead on framing the government's longer-term economic narrative.