Bank of England warns Burnham of UK economy’s ‘big issue’ July 14, 2026 The Bank of England has warned Andy Burnham that economic growth remains the “big issue” facing the UK economy as he prepares to take the keys to Number 10. Andrew Bailey, the central bank governor, told policymakers on Tuesday that the UK has had “low growth for the best part of 16 to 17 years”. [...]
The City will bid good riddance to Rachel Reeves July 14, 2026 Rachel Reeves should be remembered: for dissembling, breaking promises and making Brits poorer. Little consolation, then, that her likely successor Ed Miliband will be so much worse, says Alys Denby Rachel Reeves will make what is likely to be her final Mansion House Speech this evening and will encourage Andy Burnham to continue her legacy. [...]
Reeves issues warning to successor as she battles to defend record July 14, 2026 Rachel Reeves is set to issue a stern warning to her successor in Number 11 as she battles to defend her record after two years in office ahead of the overthrow of Labour’s election-winning leadership. In what is widely expected to be her final act as Chancellor before Andy Burnham is made Prime Minister next [...]
Rachel Reeves to unveil next steps for ring-fencing reform at Mansion House July 13, 2026 Rachel Reeves will outline the next steps of her ring-fencing reforms at Mansion House on Tuesday, City AM can reveal, in what is expected to be one of her last acts in the Treasury. The Chancellor will launch a consultation to seek industry input on the implementation of a package of reforms announced in May, including the [...]
‘Brutal onslaught’: Brewery McMullen’s takes aim at Reeves’ tax hikes after pub sell-off July 13, 2026 One of the UK’s biggest family-owned brewers has taken aim at Chancellor Rachel Reeves’ tax hikes after it sold off more than a quarter of its pub estate. Hertfordshire-based McMullen’s, which owned over 100 pubs before offloading 30 of them in January, has warned it is likely to struggle to stay profitable in the years [...]
Andy Burnham is utterly delusional July 13, 2026 Andy Burnham has pledged to “value and respect” every member of the PLP and to favour consensus building over point scoring. We’ll see how long that attitude lasts once he faces his first backbench rebellion, says Eliot Wilson Andy Burnham’s premiership is only a week away. By Friday last week, he had received the backing [...]
The devastating prognosis for the UK’s public finances July 11, 2026 While much of the media obsesses over Nigel Farage’s fight with a man dressed as a bin, I have something more sobering to discuss as we kick off the weekend. The Office for Budget Responsibility’s report into fiscal risks and sustainability, published this week, is comfortably the most alarming yet. This is an annual review [...]
‘One-two punch’ – Families face huge capital gains death tax under Burnham July 9, 2026 Bereaved families could face a huge tax bill under an Andy Burnham premiership if the likely next Prime Minister presses ahead with a policy to hike capital gains tax on assets of the deceased. Supporters of Burnham, including the former health secretary Wes Streeting and ex-transport minister Louise Haigh, have said previously they believe wealth [...]
Investor visa proposed by Labour-aligned think tank July 9, 2026 Investor visas should be offered to 100 applicants each year, who would offer £3m in an upfront cash injection in return for residency rights in the UK, a think tank favoured by Labour has said. The Institute for Public Policy Research (IPPR), which has had a number of policy recommendations adopted by Labour, said the [...]
Exclusive: Government to reject Reform’s offer to cover Farage by-election cost July 8, 2026 The government is set to reject Reform UK’s offer to cover the cost of the upcoming Clacton by-election to be contested by Nigel Farage, City AM understands, in a move that could leave the taxpayer facing a bill of more than £200,000. After Nigel Farage announced he would stand again for election in Clacton to [...]