Mahmood called for banker bonus tax to fix youth unemployment Banking Shabana Mahmood has previously called for a tax on banker bonuses to fix youth unemployment in a move that will renew fears the sector could be targeted for a cash grab. The front-runner to be Andy Burnham’s Chancellor was a staunch supporter of a bill set out by Labour in opposition that sought to levy [...]
City sizes up mystery Mahmood Politics Executives and business groups have begun sizing up Shabana Mahmood and her past policy positions as they search for ways to engage the woman tipped to become Andy Burnham’s Chancellor next week. The emergence of Mahmood, who hails from the right of the party and cracked down on immigration in her role as home secretary, [...]
UK economy grows despite Iran war hit Economics The UK economy grew marginally in May after strong performance in parts of the services sector helped soften the impact of Iran war and narrowly prevented a contraction. Fresh figures from the Office for National Statistics (ONS) have revealed the economy grew 0.1 per cent in May, broadly in line with market expectations. The services [...]
Shabana Mahmood set to be named Chancellor by Burnham July 15, 2026 Shabana Mahmood is set to be named Chancellor by Andy Burnham next week when the former Manchester mayor takes the keys to Number 10, according to reports. The home secretary has now pipped Ed Miliband, Yvette Cooper and Wes Streeting to Rachel Reeves’ post, the Financial Times reported. A source told the paper: “Shabana is [...]
Miliband opponents pour cold water on Chancellor hopes July 15, 2026 Opponents of Ed Miliband believe that they have quashed his bid to become Chancellor, according to reports, in a sign of division within Andy Burnham’s camp just days before he is due to take over as Prime Minister. While the former Manchester Mayor has refused to be drawn on his Cabinet picks, Miliband, a key [...]
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? [...]
Mahmood unveils refugee sponsorship route as asylum bill faces Labour test June 27, 2026 Home secretary Shabana Mahmood has unveiled plans for businesses and universities to sponsor refugees to come to Britain, as she seeks to shore up support for a wider asylum overhaul expected to face resistance from parts of Labour. The Home Office said it would introduce new “capped safe and legal” routes from later this year, [...]
Burnham to lay out economic plan, but markets fear Miliband as Chancellor June 23, 2026 With more than three weeks to go before he can formally clinch the keys to 10 Downing Street, leadership challenger Andy Burnham is planning to make a major speech on the economy next week. It’s part of an effort to reassure the bond markets – to which he once said we shouldn’t be “in hock” [...]
City investors raise alarm on Burnham’s Chancellor pick June 18, 2026 Andy Burnham’s bid to return to parliament poses a risk to financial markets, City analysts have warned, as his next pick as Chancellor could heavily sway traders’ views. City analysts have said they will be closely watching out for developments on Friday as results from the Makerfield by-election emerge in the early hours of the [...]
Burnham would end asylum hotel contracts if he was PM, allies say May 30, 2026 Andy Burnham would end the multibillion-pound asylum accommodation contracts if he became prime minister, according to allies of the Labour leadership hopeful. Since March, the Home Office has had the opportunity to trigger a break clause in the ten-year contracts it signed with three private companies which are responsible for sourcing accommodation. The clause allows [...]