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The Guardian Politics21 Jul 2026

UK employers cut job vacancies as Burnham aims to lift living standards

Unemployment holds steady at 4.9%, underlining the challenge facing the new prime minister Business live – latest updates Employers cut the number of job vacancies in May, according to official figures that highlight the UK’s “fragile” economic outlook amid the conflict in the Middle East. Job vacancies fell to 712,000 – almost half the level in 2022 – as employers put off hiring new staff in the three months to May, the Office for National Statistics said. Continue reading...

Economy
The Guardian Politics21 Jul 2026

UK borrows less than expected in June in boost for Burnham

Figure of £16bn from ONS comes after new prime minister revealed plans to cut VAT on electricity bills Business live – latest updates The UK government borrowed less than expected in June, in a boost for Andy Burnham as he set out plans to cut VAT on household electricity bills and promised a new direction for the British economy. The Office for National Statistics (ONS) said public sector net borrowing – the difference between government spending and income – was £16bn last month, £7.9bn less

Economy
Express Politics21 Jul 2026

Politics LIVE: Andy Burnham savaged over two contreversial Cabinet picks

Andy Burnham has made a convicted fraudster his Deputy Prime Minister and appointed a tax dodger as housing secretary in his first cabinet.

PoliticsEconomyHousing
The Guardian Politics21 Jul 2026

UK military ‘eyes innovative electric flying taxi’ as 2029 launch planned

Vertical Aerospace says government has given £10m backing, taking its total investment in the project to £48m British flying taxi startup Vertical Aerospace has said the UK government has expressed interest in buying a military variant of its aircraft as it races to gain approval for flights with paying passengers. Vertical also welcomed another £10m grant from the government, taking its total UK state funding to £48m. Continue reading...

EconomyDefence
The Guardian Politics21 Jul 2026

Burnham announces plans to cut VAT on electricity bills as first cost-of-living move

The newly appointed chancellor John Healey said the cut would be funded this year from cancelling the Digital ID programme Andy Burnham has announced a fresh tax cut to remove VAT from domestic electricity bills from 1 October, a move that will funded from cancelling the Digital ID programme. The prime minister said in a statement: “Westminster has not been working for people for too long, with families struggling with the cost of living. That needs to change. I said I wanted to give people brea

PoliticsEconomy
Conservative Home21 Jul 2026

David Willetts: Fiscal conservatism should be at the heart of the Tory Party

The Coalition’s tough spending savings could have got us to a balanced budget without that expensive offset. Fiscal conservatism should be at the heart of Conservatism. You can’t get more dry than that. The post David Willetts: Fiscal conservatism should be at the heart of the Tory Party appeared first on Conservative Home.

Economy
The Guardian Politics21 Jul 2026

Wealth tax on UK’s super-rich could raise £10bn a year, Andy Burnham told

New prime minister urged to introduce 2% minimum charge on households with more than £100m in wealth A wealth tax on the UK’s super-rich households could raise £10bn a year, according to academics who urged Andy Burnham to include the measure in his plans to “make tax fairer” and pay for better public services. The sum could be raised through a 2% minimum charge on households with more than £100m in wealth and would affect fewer than 1,000 of the richest UK households, according to the study by

Economy
BBC Politics20 Jul 2026

Fiscal control will be my 'first duty' as chancellor - Healey

John Healey says he has worked with Andy Burnham over many years, and shares his values and vision.

Economy
The Guardian Politics20 Jul 2026

Andy Burnham vows to ‘bring back hope’ as he unveils his cabinet

New prime minister says government must ‘do better’ to deliver change but promises prudent approach to economy UK politics live – latest updates Andy Burnham has said his arrival in power will “bring back hope” to Britain as he launched his premiership with the surprise appointment of John Healey as chancellor and a promise to repair the damage caused to communities during the Thatcher era. The new UK prime minister acknowledged people were “fed up” with politics as he addressed the country af

PoliticsEconomy
The Guardian Politics20 Jul 2026

‘We need to be careful’: Andy Burnham’s team keenly aware of fiscal tightrope

Chancellor appointment and early policies avoid market meltdown but next week remains ‘moment of real peril’ UK politics live – latest updates Andy Burnham has not quite gone for Keir Starmer’s extreme caution in the run-up to entering No 10 – but he is certainly aware that any early wrong moves would cost him. Back in 2024, Starmer was criticised for his “Ming vase” strategy, where the leader treads very carefully so as not to drop a valuable metaphorical piece of china being carried across t

PoliticsEconomyDefence
The Guardian Politics20 Jul 2026

Andy Burnham’s first Labour cabinet: who’s in and who’s out?

From the Treasury to the Home Office, we look at who is heading up key departments in new PM’s government UK politics live – latest updates Burnham vows his arrival in power will be ‘circuit breaker’ moment for UK Six highlights from Andy Burnham’s first Downing Street speech Andy Burnham has appointed his first cabinet, with the new prime minister rewarding those who have been loyal to his takeover efforts. He had promised to pick his top team from all wings of the party in an effort to sho

PoliticsEconomyDefence
The Guardian Politics20 Jul 2026

With PM Burnham, we’ll get warmth, audacity and knowhow. For everything else, cling to hope | Polly Toynbee

He looks the part, with a rise as impressive as his speeches, but is that enough? You cannot know if someone is up to the job until they have to do it Only vaulting ambition takes anyone to No 10, but Andy Burnham’s ambition reaches phenomenal heights. Can he really make the biggest changes in 40 years? Can he build a new economy? The new prime minister lashes himself to the mast of those mighty aspirations, but adds in something even riskier – an end to rough sleeping, ordered immediately. That

EconomyDefence