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474 headlines found — Page 4 of 40

The Guardian Politics4 Aug 2026

Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn

Levy could raise £19bn to help pay for Andy Burnham’s support for those struggling with bills, say campaigners Business live – latest updates Campaigners have renewed calls for a windfall tax on UK banks that could raise £19bn towards Andy Burnham’s cost of living agenda, after HSBC raked in $10.1bn (£7.5bn) worth of profits in the second quarter of the year. Bosses at HSBC reported on Tuesday that profits rose 60% year on year in the three months to the end of June, helped by fees from wealth

EconomyDefence
The Guardian Politics2 Aug 2026

Nicola Jennings on Andy Burnham and the cost of living – cartoon

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Economy
The Guardian Politics2 Aug 2026

Why Andy Burnham’s devolution pledge will be tricky to deliver

Sharing income tax with England’s regional mayors could tackle inequality but many councils are ill-equipped for an enlarged role On the road to Downing Street, Andy Burnham promised to transfer power from Westminster to every postcode in the country. After his first two weeks in office, the size and complexity of this project are becoming clearer. With a date set for the autumn budget, thework of filling in the detail that will underpin his devolution plans begins – starting with his proposal t

PoliticsEconomy
The Guardian Politics1 Aug 2026

Turn failing water firms into not-for-profit cooperatives, MPs and mayors tell PM

Labour politicians say mutualised model puts public in control without adding debt to government’s balance sheet MPs and mayors close to Andy Burnham have told the prime minister there is a “third way” tlauo gain more control of failing companies, as the row over whether or not to nationalise Thames Water rumbles on. Burnham is said to be concerned about the increase in government debt that Treasury projections show could be a result of nationalising water companies. Continue reading...

PoliticsEconomy
The Guardian Politics31 Jul 2026

The Guardian view on England’s centralised state: Andy Burnham must unbundle it | Editorial

Devolution should finance transport, skills and industry, not become a rightwing contest to promise the largest tax giveaway That England is among the rich world’s most centralised countries underpins Andy Burnham’s critique of the economic history of the past 40 years. Only post-communist Europe deindustrialised as rapidly as Yorkshire and the Midlands did in the 1980s. Centralisation did not close every factory or pit, but left regions without the powers, finance or institutions to cushion the

Economy
The Guardian Politics31 Jul 2026

The Guardian view on the Lovell telescope: budget cuts to physics are bad science and worse politics | Editorial

Funders have picked a damaging fight with scientists and the public. They should reconsider their plans The iconic Lovell telescope, housed at the Jodrell Bank Observatory in Cheshire, has always expanded our view of the universe – from tracking the Sputnik launch in 1957 to its current contributions to the study of dark matter. It is now threatened with closure after it was announced that government funding will not continue past March 2028. The projected savings are just £2.8m a year. This is

PoliticsEconomyHousing
The Guardian Politics31 Jul 2026

Healey sets budget for late October, promising to ‘spread money and power’ around UK

Chancellor will have to find money for Burnham’s policies while sticking to fiscal rules as borrowing costs rise Andy Burnham’s government has set a date for a late October budget to “spread money and power” out of Westminster as the new prime minister pushes forward his tax and spending plans. Announcing an autumn budget for 28 October, the chancellor, John Healey, said Labour would stick to its fiscal rules with its agenda to give businesses and households stability for the future. Continue r

PoliticsEconomyDefence
The Guardian Politics30 Jul 2026

Burnham’s tax power shift aims to free England’s mayors from ‘Treasury death grip’

Local leaders say plan will transform funding so they no longer rely on Whitehall handouts for big projects England’s regional mayors will be able to break out of the “death grip of the Treasury” by borrowing to invest in big projects under “transformational” plans to shift power out of Whitehall. For the first time, mayors will keep a share of income tax generated in their area from 2028, as well as business rates totalling tens of millions of pounds by April 2027. Continue reading...

Economy
The Guardian Politics30 Jul 2026

The Guardian view on prolonging kidulthood: Britain prices young adults out of independent life | Editorial

More young people live with parents as low wages, insecure work and unaffordable housing turn family support into another source of inequality In Britain, young people are expected to become independent in their 20s. Yet the UK’s economic model increasingly denies them the means to do so. Analysis by the Institute for Fiscal Studies (IFS), commissioned partly for the BBC, finds that the proportion of 25-year-olds living with their parents has risen from 25% in the 1990s to 42% today. The researc

EconomyHousing
The Guardian Politics30 Jul 2026

Will we pay more tax to fund social care? – podcast

Andy Burnham gave a major speech on Wednesday on his plans for a national care service. He sought cross-party consensus on the issue by speaking to the Tories and Lib Dems. But not Reform UK or the Greens. On Thursday, Reform UK’s Robert Jenrick held a press conference claiming the prime minister wanted a ‘death tax’. But is that what Burnham set out? Plus, Zack Polanski is under fire for a social media post. Is the Green party leader too ‘online’? Pippa Crerar and Peter Walker discuss Read Pete

EconomyEnvironmentReform
The Guardian Politics30 Jul 2026

Only the Middle East crisis is preventing a drop in UK interest rates

Bank’s wariness about inflationary pressures from the conflict lie behind decision to hold steady at 3.75% Business live – latest updates There is a threat of high inflation coming to the UK, but only from the conflict in the Middle East which could keep oil prices high for much longer than was expected when Donald Trump first began attacking Iran. It is the war that makes the difference between a benign outlook for inflation and one that puts it back on a rising trajectory, top UK central ban

EconomyDefence
The Guardian Politics30 Jul 2026

Reform UK to hold press conference after Met rules out investigating Polanski over anti-Farage message – UK politics live

Green party said it was ‘obvious from the start’ that Polanski had not committed an offence Good morning. Reform UK are holding a press conference this morning. It is going to feature Robert Jenrick, the party’s Treasury spokesperson, and he wants to talk about Andy Burnham’s speech yesterday about social care reform. But we already know what Jenrick thinks about that, and there are plenty of other stories that reporters might want to ask about. For a start, there is Anna Isaac’s latest Guardia

PoliticsEconomyEnvironmentReform