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The Guardian Politics3 Jul 2026

Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?

Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’ An economy rattled by a global energy shock, jittery bond markets and rising spending demands. As Andy Burnham prepares for government, the pressures on the public finances are in focus. The prospective prime minister pledged a new direction for Britain this week within two constraints: sticking to Labour’s current fiscal rules, and consistency with its 2024 manifesto. Contin

EconomyHousing
Express Politics3 Jul 2026

Politics LIVE: Andy Burnham reveals major tax bombshell

This is a live blog, follow for more updates.

PoliticsEconomy
BBC Politics2 Jul 2026

I take responsibility to fund defence plan extremely seriously, says Burnham

The Makerfield MP also rejects attacks on his economic stance, insisting he would not be "indisciplined" on finances.

EconomyDefence
The Guardian Politics2 Jul 2026

Burnham promises to ease cost of living pressures if he becomes prime minister

Makerfield MP said he would consider reducing business rates as part of a package that could also include freeze on private rents Andy Burnham promised to ease the cost of living if he becomes prime minister in his first interview since returning to parliament. The Makerfield MP told LBC that if he became prime minister later this month, as expected, he would look at reducing business rates for some high street businesses, bringing down water and energy costs by de-privatising companies and maki

PoliticsEconomyHousing
The Guardian Politics2 Jul 2026

Bitcoin firm advertised by Nigel Farage loses 15% of asset value

Exclusive: Finance experts warn against investing in bitcoin treasury companies after Stack BTC assets plunge A bitcoin company that Nigel Farage has advertised lost more than 15% of its asset value, prompting finance experts to warn investors against investing in those types of firms. The Reform UK leader has invested £215,000 in a bitcoin treasury company named Stack BTC. A bitcoin treasury buys the cryptocurrency on behalf of its shareholders, and Stack aims to purchase other companies with t

EconomyDefenceReform
Conservative Home2 Jul 2026

Ben Ramanauskus: Let’s celebrate the OBR

Rather than disparaging the OBR, Conservatives should be pleased that we have a well-respected body which enforces some fiscal discipline on our otherwise profligate politicians. The post Ben Ramanauskus: Let’s celebrate the OBR appeared first on Conservative Home.

Economy
The Guardian Politics2 Jul 2026

Bankers and unions set for clash over possible Burnham tax raid on UK banks

City bosses say move would be economically disastrous, but union leaders urge likely new PM to ignore ‘vested interests’ Battle lines are being drawn between City bosses and trade unions over a possible tax raid on UK banks to help fund Andy Burnham’s package for struggling households this winter. While bankers have warned the move would be “economic suicide”, union leaders have said Britain cannot afford to be “held hostage” by City lobbyists, given growing pressures to find money for defence a

EconomyDefence
Conservative Home2 Jul 2026

Badenoch stands up for the taxpayers Starmer forgot

The scene is starting to be set for an election in which Labour defends the ever growing Welfare State. The post Badenoch stands up for the taxpayers Starmer forgot appeared first on Conservative Home.

PoliticsEconomy
The Guardian Politics2 Jul 2026

Andy Burnham urged to be radical on economy to help Labour win next election

Exclusive: Poll shows policies such as rent control and higher wealth taxes could fend off Reform UK in key seats Andy Burnham is being urged to adopt an “economic populist” approach to combating the cost of living crisis if he becomes prime minister, as a detailed opinion poll shows radical policies could help Labour to retain its majority at the next election. Senior figures advising the Makerfield MP have been circulating a seat-by-seat poll showing Labour’s majority could be demolished at th

PoliticsEconomyReformHousing
Express Politics1 Jul 2026

Treasury ditching maths test means Burnham can't count on growth says peer

Andy Burnham talks of growth in every postcode - but a furious peer warns he'll struggle to deliver it with a Treasury that can't even expect staff to do the sums.

EconomyDefence
BBC Politics1 Jul 2026

Welsh budget could be cut by up to £30m for defence spending, Plaid ministers claim

Welsh ministers warn defence plans could strip up to £30m from capital projects.

EconomyDefence
Express Politics1 Jul 2026

Andy Burnham’s Labour plots huge tax grab - even Rachel Reeves wouldn't do this

Andy Burnham is being pushed to drive our taxes to new highs. He'll be worse than Rachel Reeves, writes Harvey Jones.

Economy