Burnham to announce new publicly-owned grid operator September 29, 2026 Andy Burnham is expected to announce a new publicly-owned body which will invest in the UK’s electricity grid in an attempt to bring down Britain’s sky-high energy costs. The Prime Minister is tipped to unveil Great British Grid, which will speed up connections to the grid by driving up competition for projects, during his Labour [...]
Andy Burnham can’t treat Heathrow expansion as a local planning issue September 29, 2026 Has Andy Burnham’s commitment to devolution morphed into a convenient excuse not to lead? I ask, because he seems to have excused himself from the debate about a critical £50bn national infrastructure project: Heathrow’s third runway. The project has been debated since the 1980s but officially kicked off in 2003 when Labour’s Alistair Darling, then [...]
Healey: We don’t have as much money as we did under New Labour September 28, 2026 Chancellor John Healey has warned Labour members that the government does not have available funds to spend more on public services. In his address to party activists, Healey said Tony Blair’s government in the late 1990s and early 2000s had more flexibility with public finances given higher growth rates and lower amounts of debt. The [...]
‘Uncharted territory’: UK economy facing shocks as diesel and borrowing costs surge September 28, 2026 The UK economy entered “uncharted territory” on Monday battling an assortment of financial pressures as fears intensified ahead of the next Budget. Diesel costs surged to a record high of 199.18p per litre marking the latest energy shock on the UK economy. Stations were registered as charging 199.18p per litre, according to the RAC. The [...]
Revolut and Monzo urge Healey to raise bank tax threshold September 28, 2026 Revolut, Monzo and Shawbrook are among a raft of challenger banks calling for John Healey to raise the threshold at which UK lenders are hit with an additional tax grab. The group – which also includes Investec, Aldemore and OSB – have written to the Chancellor ahead of the Budget in a bid to remove [...]
Drama in the City as Lord Mayor frontrunner pulls out over ‘criminal proceedings’ facing close associate September 28, 2026 The frontrunner to become the next Lord Mayor of the City of London has abruptly withdrawn his candidacy after a close business associate was hit with criminal proceedings, City AM understands. Tim Hailes, a former JP Morgan banker who became a City alderman in 2013, took the decision to step aside late last night in [...]
Chancellor’s ‘new age of industrialisation’ claim raises eyebrows in the City September 28, 2026 Chancellor John Healey will make upgrades to the Royal Navy central to his flagship speech at the Labour Party conference on Tuesday as he promised a “new age of industrialisation’. The former defence secretary has indicated that shipbuilding will make a key part of Andy Burnham’s pledge to revive Britain’s industrial base across the country. [...]
Burnham: Social care reforms to be paid by new taxes September 27, 2026 Andy Burnham has said proposed social care reforms would be funded by new taxes after a General Election, claiming he wanted to create a new system where “everyone contributes”. The Prime Minister said a plan for a national care service would be presented at the next election, which may only come in 2029. Baroness Louise [...]
UK has ‘low capital gains tax rates’, Healey says September 27, 2026 The UK enjoys the lowest capital gains tax rate of any major European economy, Chancellor John Healey has said, raising the prospect of another hike at the Budget. Healey has said he wanted to improve the UK’s economic fortunes yet pointed to the UK’s competitiveness on capital taxes when speaking about business confidence. He told [...]
‘Knock that dead’: Burnham rules out calling early election September 25, 2026 Andy Burnham has said the next election will be in 2029 as he ruled out an early snap vote during interviews with local broadcasters. In an interview with ITV North West and Yorkshire, Burnham confirmed that the next General Election would take place at the end of this parliament. Reports suggested that Number 10 was [...]