Sainsbury’s boss urges Burnham to cut energy costs and ‘focus on growth’ June 30, 2026 The boss of Sainsbury’s has urged the next prime minister to address rising energy costs as food inflation continues to concern shoppers. The boss of the UK’s second-largest grocer repeated his earlier calls for the Treasury to engage with the food industry to assist with rising costs following the war in the Middle East. His [...]
UK economy’s growth revised down amid first-quarter spurt June 30, 2026 The UK economy grew by 0.6 per cent in the first quarter of the year, the Office for National Statistics has confirmed, yet the final figure for growth last year was revised down slightly. The ONS said on Tuesday that the UK economy grew at a faster pace than many had expected at the beginning [...]
As it happened: Stocks jump on defence and metals boost; Oil on track to shed a fifth on US-Iran peace hopes June 30, 2026 Welcome back to the City AM liveblog. Oil’s speed of decline has taken a hit this week as investors were forced to pause at the renewal of strike action between the US and Iran. Brent crude – the international benchmark for oil prices – was steadying above $73 per barrel, holding onto some of the [...]
Public markets, not the state, can fix the water sector June 30, 2026 Andy Burnham will likely put renationalising utilities back on the table, but that’s not the way to turn on the investment taps, says Rupert Hargreaves The arrival of Andy Burnham in Westminster has once again reignited the debate around the future of the UK’s key infrastructure. The Guardian has reported that Burnham’s allies have talked [...]
Why English literature graduates shouldn’t be Prime Minister June 30, 2026 Andy Burnham is set to be the first ever English Literature graduate to serve as Prime Minister. James Ford is very concerned I have a problem with Andy Burnham. It isn’t his litany of U-turns and policy flip flops. It isn’t that he wears a t-shirt with a suit (a bad look on anyone, but [...]
Detail-lite Burnham speech unnerves jittery bond market June 30, 2026 Andy Burnham risks sparking a bond market rout unless he sets out how he will fund the ambitious measures announced in his first set piece speech since Keir Starmer’s resignation, a group of bond investors have said. Fixed income specialists told City AM that while the former Manchester mayor’s vow to stick with his predecessor’s [...]
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’s choice of Chancellor will define his premiership June 29, 2026 Economic policy is so fraught that Burnham must choose from various paths. Retaining Reeves means warmed-over Starmerism; Miliband would be a sign that the Labour Party is tacking left; and choosing Streeting would be an advertisement that the Blairites were getting the band back together. What signal will the next Prime Minister seek to send? [...]
‘Corbyn was spot on’: The radical MP shaping Burnham’s economic agenda June 29, 2026 Miatta Fahnbulleh is one of Andy Burnham’s key confidants, spearheading his agenda on energy, devolution and the cost of living. Policies the MP for Peckham has previously endorsed suggest the country is in for a sharp leftward lurch, writes Ali Lyon. The red wall had been demolished. Boris Johnson, imperious. And Jeremy Corbyn’s Labour movement [...]