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Guido Fawkes22 Jul 2026

UK Inflation Drops to 2.6%

Inflation dipped to 2.6% in the twelve months to June, driven largely by a fall in petrol prices. It is not expected to stay this close to target for long. Rising energy bills will feed into next month’s data. New Chancellor John Healey is still taking a short victory lap: “We have chosen to focus…

Economy
The Guardian Politics22 Jul 2026

UK inflation falls to 2.6% in lift for Burnham’s cost of living plans

Annual June figure comes after new PM pledges to reduce pressure on households and improve economy UK inflation dropped by more than expected in June to 2.6%, in a boost for Andy Burnham’s plans to reduce the cost of living. The new prime minister has pledged to bring down the cost of living to give households more disposable income and improve the outlook for the economy. Continue reading...

Economy
BBC Politics22 Jul 2026

Burnham pulls back on suggestion to increase income tax allowance

The new prime minister previously said voters were frustrated over the freeze in tax-free personal allowance.

Economy
Express Politics21 Jul 2026

Andy Burnham rows back on plans to increase tax-free personal allowance

The new PM previously hinted that he would unfreeze the personal allowance

Economy
The Guardian Politics21 Jul 2026

From defence uplift to national care service, Andy Burnham faces question of funding

As new prime minister briefs cabinet on ‘cost of living government’, critics ask where money will come from UK politics live – latest updates Andy Burnham is under mounting pressure to explain how he will pay for his policy pledges as he implored his new cabinet to examine “all possible ways” to tackle the cost of living crisis. On his first full day in power, the prime minister faced questions about how he would fund the removal of VAT from electricity bills and also an expected uplift in def

PoliticsEconomyDefence
Express Politics21 Jul 2026

Angela Rayner faces demands to hand back £17k payoff after quitting in tax row

The Labour politician has returned to her old job just 10 months after she received a golden handshake

Economy
The Guardian Politics21 Jul 2026

Fiscal hawk or big spender – what kind of chancellor will John Healey be?

The diligent, popular, unexpected pick for the Treasury has been given a straitjacket – and the job of funding the PM’s policy promises UK politics live – latest updates On the frequent occasions that John Healey would travel abroad as defence secretary, he was so determined to keep working he would get the crew to tether a desk to the inside of his military aircraft so he could read his papers. His diligence is one reason why Andy Burnham, the new prime minister, made Healey his unexpected pi

PoliticsEconomyDefence
The Guardian Politics21 Jul 2026

Where will Andy Burnham find the money to fund his spending pledges?

The new PM is already under pressure to explain how he will pay for his ambitious plans to remake Britain Andy Burnham has made lowering the cost of living his first major policy announcement in government, with an immediate tax cut to remove VAT on energy bills. As he begins to flesh out his agenda for government, the prime minister said the measure would provide “breathing space” for households. But Burnham is under close scrutiny over how his plans will be funded. Continue reading...

Economy
Express Politics21 Jul 2026

Andy Burnham isn't fooling anyone - the same old clowns are running the country

Reform Treasury Spokesman Robert Jenrick writes for the Express on Andy Burnham's new top team.

Economy
The Guardian Politics21 Jul 2026

Healey as chancellor? Streeting as defence secretary? This isn’t a cabinet to change the UK like Burnham promised | Owen Jones

Putting Ed Miliband in charge of the Treasury would have signalled a genuine new era. Instead, the new PM has played it safe Andy Burnham has promised to bring “four decades of neoliberalism” to an end. The first serious test of that pledge was always going to be the cabinet he appointed. The red flags are impossible to ignore. Ending neoliberalism would mean putting privatised services back into public hands, unleashing public investment and using the power of the state to reshape the economy.

PoliticsEconomyDefence
Express Politics21 Jul 2026

I asked 3 economists what Andy Burnham should do to really improve the cost of living

EXCLUSIVE: Andy Burnham needs to go futher to ease the cost of living, including action on childcare and the benefits cap, experts say

Economy
Guido Fawkes21 Jul 2026

British Borrowing Costs Rise Above Yesterday’s Burnham Peak

British borrowing costs remain elevated since Burnham’s first comments as PM yesterday. Healey was firehosing last night and this morning… After Burnham said he would use all “flexibility” possible in the so-called fiscal rules, UK 10-year gilt yields closed eight basis points higher at 5.03% at the end of the day. The 30-year rate also…

Economy