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Guido Fawkes22 Jun 2026

Burnham-Backing Pressure Group Publishes Economic Blueprint for Power

The Burnham-backing pressure group Mainstream has published a 69-page document outlining how Burnham should ‘scale up Manchesterism nationally’. Oh boy… The ‘highlights’: Public ownership of energy and water (national corporations), housing and transport (city-region scale), and care (municipal). They’re at pains to insist this isn’t “nationalisation”, obviously… Let Thames Water fall into special administration and…

EconomyHousing
Guido Fawkes22 Jun 2026

Guido’s Guide to Starmer’s U-Turns

As of last week, Starmer was insisting he wasn’t going to “walk away” and would fight any leadership challenge. They always say that… Today’s resignation nonetheless makes the greatest hits list of Starmer’s U-turns. It could be the final volte face of his premiership, but there’s still time yet… “No tax rises on working people”…

Economy
Guido Fawkes19 Jun 2026

Burnham Takes on High-Tax Fanatic as Economic Adviser

Team Burnham briefed Bloomberg and the FT last night that Andy is “being advised” by ex-OBR chairman Richard Hughes, former Bank of England chief economist Andy Haldane, former Goldman Sachs chief economist Jim O’Neill, and Carys Roberts, the former executive director at the IPPR think tank. This was meant to calm the gilt market… Co-conspirators…

Economy
Guido Fawkes19 Jun 2026

Public Sector Borrowing in May More Than £5 Billion Above Forecasts

New figures from the Office for National Statistics show that public sector borrowing in May was well above the OBR’s forecasts. Quelle surprise… Borrowing was £23.3 billion in May – £5.4 billion more than in May last year and £5.6 billion more than the £17.7 billion forecast by the Office for Budget Responsibility only three…

Economy
Guido Fawkes18 Jun 2026

Bank of England Holds Interest Rates at 3.75%

The Monetary Policy Committee of the Bank of England has voted to hold interest rates at 3.75% for the fourth time. As expected… Seven votes for hold and two votes for a hike. “Bank staff estimated that underlying quarterly GDP growth had been around 0.2% in Q1, and would remain at around that rate in…

Economy
Guido Fawkes18 Jun 2026

Polanski: I Could Have Taken “Greater Care” Checking My Council Tax on Houseboat

Zack Polanski has said he should have shown “greater care” when checking his council tax liability while living on his houseboat. Which co-conspirators can see here… Tories and others in City Hall are pursuing Zack’s case – he is an assembly member. In a statement he blamed his “unusual” living arrangements on financial hardship: ““I…

Economy
Guido Fawkes18 Jun 2026

Unemployment Dips to 4.9% as Private Sector Pay Growth Sinks

According to the ONS, unemployment unexpectedly dipped to 4.9% in the three months to April. Slightly down from 5%… The ‘good’ news for the Treasury ends there. New recruits joining payrolls have fallen to their lowest level in five years, vacancies continue to decline, and private sector wage growth has slowed to its weakest pace…

Economy
Guido Fawkes17 Jun 2026

Treasury’s Own Figures Show Inflation Set to Run Well Above OBR’s Forecast

The Treasury has published its monthly comparison of independent economic forecasts, and the numbers massively undercut the OBR’s forecasts. When is the OBR ever right… The June edition, compiled by the Treasury’s own Macroeconomic Conditions and Risk Team and posted on gov.uk, collects the latest predictions from 20 City and independent forecasters. They expect CPI…

Economy
Guido Fawkes17 Jun 2026

Starmer and Reeves Refuse to Publish Their Tax Returns

It is now June and Starmer & Reeves have still not published their tax returns for the 2024/25 financial year. Something to hide? Starmer paid £54,718 in income tax the year before. In 2025 they pair published the returns promptly along with Angela Rayner, who is obviously no longer DPM. Where is Lammy’s? Tory chairman…

Economy
Guido Fawkes17 Jun 2026

Inflation Remains at 2.8% in May

New figures from the Office for National Statistics show inflation did not change in May. Sticking at 2.8%… Motor fuel prices rose by 24.6% – the ONS says “food and non-alcoholic beverages made the largest, partially offsetting, downward contribution.” On the producer side the ONS records input prices rising by 8.7% in the year to…

EconomyDefence
Guido Fawkes16 Jun 2026

International Report Calling for Global Wealth Cap Was Part-Funded by British Taxpayers

A report by a group of international leftist economists calling for an end to global growth was part-funded by the British taxpayer. Of course it was… Thomas Piketty, increasingly deranged ‘inequality economist’ and darling of social democrats everywhere, penned The Global Justice Report this month which called for GDP per capita in wealthy countries to be…

EconomyReform
Guido Fawkes16 Jun 2026

Streeting Sets Out His “Economic Blueprint” for Britain

“Make me Chancellor, Andy”…

Economy