The Latest Breaking News from Andy Burnham

Wealth tax could raise £10bn a year, academics tell Andy Burnham

Andy Burnham has hinted at tax reforms, with some of his closest aides and allies publicly having called for wealth taxes

The Independent UK · Jul 21

Burnham announces £850m tax cut on energy bills but faces questions over funding

The VAT reduction will be paid for by scrapping the digital ID card scheme, but former minister Darren Jones said that project was unfunded.

The Independent UK · Jul 21

Defence shares get £4bn boost after John Healey confirmed as chancellor

Defence could be one of the winners under the new chancellor, who is likely to increase military spending in Andy Burnham’s government

The Independent UK · Jul 21

UK leader Burnham gathers his Cabinet after sweeping away Starmer supporters

New UK Prime Minister Andy Burnham is gathering his Cabinet after removing allies of predecessor Keir Starmer from the government

The Independent UK · Jul 21

Dollar wavers as markets grapple with Gulf tensions

The US dollar hovered near a one-week high as investors weighed escalating Middle East tensions against hopes for a ceasefire. Concerns over energy supplies supported the greenback, while the yen and euro remained largely steady. The British pound edged higher after UK Prime Minister Andy Burnham reaffirmed his commitment to…

The Economic Times · Jul 21

Euro zone bond yields tick higher as oil remains elevated; eyes on ECB

Euro zone government bond yields are rising as oil prices remain elevated. This situation threatens inflation outlook and supports tighter European Central Bank policy. Investors are also watching Britain's gilt market after new Prime Minister Andy Burnham's appointment. Germany's 10-year bond yield reached its highest level in eight weeks. The…

The Economic Times · Jul 21

Andy Burnham's Cabinet Shake-up Explained: What Happened to Rachel Reeves and Other Starmer Allies?

Former Chancellor Rachel Reeves is among the high-profile figures to lose a key cabinet position in Andy Burnham's government.

International Business Times UK · Jul 21

Thames Water lenders consider offering ‘golden share’ to avert nationalisation

London & Valley Water said ‘material improvements’ are being made on its previous £10 billion proposal to appease government concerns over the deal.

Evening Standard · Jul 21

Who Is John Healey? Meet Andy Burnham's New Chancellor and Former Defence Secretary

Veteran Labour politician John Healey is returning to the Treasury after being named Chancellor in Andy Burnham's first Cabinet reshuffle.

International Business Times UK · Jul 21

What does Burnham’s VAT cut mean for your energy bills?

First major move by new PM aimed at giving families ‘breathing space’

The Independent UK · Jul 21