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      Budget 2026: Healey leans on private sector for defence investment drive

      Soldier in ghillie suit and VR headset operating a drone remote control for defence startups.

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      Watching my first Budget: An idiot’s blow-by-blow account

      Man with headphones making a face, eating pickles from a jar at his office desk. Budget 2026.

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Devolution

  • London to get Bakerloo Line extension and Euston upgrade in devolution push

    London

    London mayor Sir Sadiq Khan will be handed powers to deliver the Bakerloo Line extension and a huge upgrade to Euston station as part of the government’s push for devolution, City AM can reveal.  Under new plans to allow mayors to retain income tax receipts generated locally and exploit finance schemes to fund infrastructure, Khan [...]

    The Mayor of London, Sir Sadiq Khan, has this morning announced a £1.4m cash injection for community sport across the capital.
  • Budget: Healey hikes taxes and delays defence spending as economy set to slump

    Politics

    John Healey has announced a string of tax hikes to fund short-term measures worth billions of pounds to help households and businesses cope with rising prices, in a maiden Budget that omitted major spending plans on defence and welfare.  In his speech, the Chancellor said the government would look to raise defence spending to three [...]

    John Healey, MP, smiling and holding the red Budget box outside a building
  • Budget 2026: Will the real John Healey please stand up? 

    Politics

    John Healey is set to deliver his first Budget although business chiefs, trade unionists and bond traders are still unsure of what to expect. Maurício Alencar reports on whether he can assert his authority on Wednesday. In the period between Sir Keir Starmer leaving Number 10 and Andy Burnham taking over, ambitious Labour figures vied [...]

    John Healey, MP, speaking with workers in orange overalls at a gas terminal.
  • The case against devolution? Wales’ declining education system

    October 7, 2026

    Devolution is great when it works. But where are the sanctions for poor outcomes like Wales' appalling education results, asks Paul Ormerod.

  • 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 [...]

  • Burnham adviser slams ‘growth in every postcode’ pledge

    September 22, 2026

    Andy Burnham’s pledge to deliver “growth in every postcode” will result in “wasted taxpayer money and create political problems”, according to one the PM’s most valued economic advisers. Jim O’Neill, who was tipped to take an official role in Burnham’s government, said the Prime Minister should focus on getting gilt yields to fall by 150 [...]

  • Treating London and Manchester as rivals is absurd

    September 21, 2026

    London's dominance is presented as a whirlpool, greedily sucking in talent from other regions. But London's growth aids Manchester, Birmingham and beyond.

  • Britain needs tax devolution, but beware of fiscal war

    September 17, 2026

    Britain is an outlier for tax centralisation, but devolution can go badly wrong, says Tim Sarson Last week government front benchers and local leaders from across England got together at Number 10 North to discuss the details of a new Visitor Levy, or tourism tax.  Quite a momentous moment in its own way, because this [...]

  • Healey launches £150m northern scale-up fund

    September 7, 2026

    Chancellor John Healey is to pile £150m into start-ups in the North of England as part of the government’s bid to use devolution to drive economic growth.  Healey will announce a new fund designed to back university spin outs and other start-ups in Liverpool, Manchester, Leeds, Sheffield and Newcastle.  The Chancellor will announce the fund, [...]

  • The answer to regional inequality isn’t public money, it’s productivity

    September 2, 2026

    Andy Burnham’s ambitions for Number 10 North are nothing new, but successive governments have failed to focus on the key reason for differing regional outcomes, says Paul Ormerod The creation of Number 10 North symbolises a key aspect of Andy Burnham’s policies. Namely, to revive the economies of the more deprived parts of the UK. [...]

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