Burnham admits Budget will be ‘challenging’ after inflation rises Chancellor John Healey will deliver the first Budget under Andy Burnham’s leadership next month The Independent UK · Sep 16
Government ‘won’t take risks with living standards’ says PM as inflation jumps The Office for National Statistics revealed that inflation accelerated to a five-month-high of 3.1% last month. Evening Standard · Sep 16
Mapped: Where petrol is costing Britons the most as inflation hits five-month high Regional data reveals some differences in the cost of fuel to motorists The Independent UK · Sep 16
‘We need to get it right’: union gusto for Burnham will face make-or-break tests TUC conference rings with praise for new No 10 team, but battles loom over workers’ rights and north sea drilling The Guardian - UK · Sep 16
Andy Burnham will need to raise taxes or cut spending in Budget, economists warn The government’s £23bn fiscal headroom, which acts as a buffer against economic shocks, is thought to have fallen to around £5bn The Independent UK · Sep 16
Inflation jumps to five-month high as cost-of-living pressures mount Chancellor John Healey stressed that the UK economy is nonetheless ‘proving resilient’ as he blamed the war in Middle East for the inflation increase. Evening Standard · Sep 16
Labour Government warned UK faces 'cost-of-living emergency' as inflation rises THE Labour Government has been warned that the UK faces a cost-of-living emergency this winter unless it rolls out urgent financial support for… The National (Scotland) · Sep 16
John Healey in talks with Canada about UK joining new global defence bank Exclusive: Britain is understood to have been formally invited to become founding member of multilateral lender The Guardian - UK · Sep 15
Bank of England urged to slow or halt bond-selling to slash UK borrowing costs Economists urge John Healey to press Bank to change policy that is costing the exchequer billions of pounds The Guardian - UK · Sep 15
Burnham to urge ‘culture shift’ to unlock UK’s business potential The PM says he wants to make it easier to start and grow a business The Independent UK · Sep 14
Andy Burnham to host entrepreneurs and local mayors at No 10 on Monday Prime minister vows to ‘reindustrialise Britain’ through new partnership with business The Guardian - UK · Sep 13
The perilous economic conditions facing the UK can be traced back to Trump As John Healey drafts his autumn budget, the US president’s policies continue to inflate debt servicing costs The Guardian - UK · Sep 13
‘Costing billions’: is the pensions triple lock a lifeline or simply unaffordable? With the budget looming, arguments rage over whether ministers should scrap a pledge popular with millions The Guardian - UK · Sep 12
AI spending splurge helps UK economy grow in July Gross domestic product (GDP) increased by 0.4% in July, following growth of 0.3% in June, official figures showed. Evening Standard · Sep 11
The Guardian - UK · Sep 11 UK economy unexpectedly grows 0.4% in July boosted by AI Welcome boost for chancellor with unexpected rise put down to rapid growth of AI in services sector outweighing Iran war fallout
The Guardian - UK · Sep 10 Global bond sell-off resumes as surging oil prices stoke fears about inflation Crude jumps above $107 a barrel amid concerns over Middle East conflict and out-of-control government borrowing
The Guardian - UK · Sep 9 Chancellor urged to fix £100k childcare ‘cliff edge’ that prompts parents to cut work Threshold pushes some to reduce hours or stop working to avoid losing entitlement, report warns
The Independent UK · Sep 9 Five charts that lay bare economic disaster caused by Trump’s war in Iran The conflict in Iran has sent the price of oil and gas soaring while inflation rises in Europe and GDP struggles to remain resilient in the UK
The Guardian - UK · Sep 9 JP Morgan boss meets Burnham and Healey to warn against bank tax rise Jamie Dimon tells UK politicians before October budget that investment could be at risk, it is understood
The Economic Times · Sep 9 Global Market: Record UK gilt yield raises fiscal pressure ahead of October Budget Britain sold £4.25 billion of 30-year gilts at a record-high yield of 5.8168%, underscoring rising borrowing costs and fiscal pressures. Despite the elevated yield, demand remained strong, with orders exceeding £87 billion, as investors continued to favour UK government debt.
The Guardian - UK · Sep 9 Burnham urged to tackle inequality with policies including wealth tax Key thinkers suggest other radical measures in Compass report such as free personal social care and abolishing Lords
The Guardian - UK · Sep 8 UK government pays highest interest rate on 30-year bond since 1998 High yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budget
Evening Standard · Sep 8 Government has ‘given the go-ahead’ to Heathrow expansion, says Chancellor Prime Minister Andy Burnham has previously expressed concerns over the plans to build a third runway at the west London airport.
Evening Standard · Sep 8 Heathrow third runway: Full speed ahead for expansion of west London airport, signals Chancellor John Healey ‘After years of delay, indecision, often vexatious challenge, we have given go-ahead to this project because economic case stacks up,’ says Chancellor
The Guardian - UK · Sep 8 ‘Everything is against us’: Jaguar Land Rover suppliers voice fears amid carmaker’s cutbacks Firms warn of impact of company’s decision to to axe 4,000 jobs and call for government to support sector