Trump blocked from sacking Fed official in landmark Supreme Court ruling June 29, 2026 A landmark ruling from the US Supreme Court has underlined the independence of the country’s central bank by blocking President Donald Trump from dismissing a Federal Reserve official. The knife edge five-to-four decision was handed down on Monday. It ruled that Trump cannot fire Lisa Cook as a Fed governor, a post she has held since 2022. [...]
Streeting tax policies could cost the Treasury nearly £8bn June 29, 2026 Adopting Wes Streeting’s plans to hike capital gains tax could cost the Treasury billions of pounds and lead to a reduction in retail investment, new analysis suggests. Last month, Streeting, who is reportedly in the running to succeed Rachel Reeves as Chancellor should Andy Burnham enter No 10, proposed that capital gains tax (CGT) should [...]
‘Anti-growth’: Labour blocks City of London skyscraper plans June 29, 2026 The government has been branded “anti-growth” by the City of London Corporation after a minister blocked plans to build tall buildings near the Tower of London. In a letter to planning chiefs, the housing minister Matthew Pennycock said the authority for the Square Mile should not be able to go ahead with its skyscraper plans [...]
Is Andy Burnham a left-wing Liz Truss? June 29, 2026 Say what you like about Andy Burnham (and I intend to say a lot) but he’s not short on ambition. Armed with a single by election victory he now intends to oversee “the biggest change in our lifetime to the way Britain is run.” The PM-in-waiting had popped down to London for some selfies before [...]
‘Biggest change in our lifetime’ – Burnham vows ‘greater public control’ over utilities June 29, 2026 Andy Burnham has vowed to empower local government to take “greater public control” over energy, housing, water and transport as councils are set to be handed greater powers as part of sweeping economic and political reform. In a speech on Monday setting out his 10-year vision to raise living standards, the likely next Prime Minister [...]
Burnham to unveil plans for devolution and ‘reindustrialisation’ June 28, 2026 Andy Burnham will unveil plans to devolve power away from London and shift some government operations to a “Number 10 in the North”, as the Prime Minister-to-be calls for a change in “how Britain is governed”. In a speech focused on growth on Monday morning, Burnham will say that a 10-year plan will focus on [...]
Senior Labour figures downplay public appetite for general election June 28, 2026 Senior Labour figures have downplayed the British public’s appetite for a general election to secure any major policy shifts under a new leader and have insisted the party is united behind Andy Burnham. Talking to Sky News on Sunday, housing secretary Steve Reed suggested Keir Starmer’s possible successor would introduce “changes in emphasis” but stick [...]
Top Burnham adviser calls for capital gains and inheritance tax hikes June 28, 2026 Andy Burnham’s top adviser has called for capital gains and inheritance tax to be hiked and the fiscal rules to be loosened so the government can borrow billions. Ex-transport secretary Louise Haigh, who led Burnham’s Makerfield campaign and is set to take a senior position in his Cabinet, is also pushing to dismantle the Treasury. [...]
Legal & General handles King’s staff pension schemes as monarch’s £13m tax bill revealed June 26, 2026 Legal & General handles the King’s staff pension schemes, official accounts have shown in disclosures of the monarch’s financial activities. In the first annual account of the King’s tax bill and sovereign activities, it was revealed that Charles III was among the top 100 taxpayers in the country. The accounts also uncovered details about his [...]
Miliband would be ‘disaster’ as Chancellor, says Labour cost of living chief June 26, 2026 Keir Starmer’s cost of living champion has warned that Ed Miliband would be a “disaster” as Andy Burnham’s Chancellor. Lord Richard Walker, who is also executive chairman of budget supermarket Iceland, told BBC Newsnight that the current energy secretary’s net-zero policies are putting an undue burden on household bills. He said: “Climate change is real, [...]