Burnham might lift Labour’s mood but he won’t save the country June 23, 2026 It was a little under two years ago that Keir Starmer stood outside 10 Downing Street and declared that his new government would “end the era of noisy performance [and] tread a little more lightly on your lives.” It was a bold ambition and, after a shambolic end to Tory rule, a welcome one. Was [...]
Carrying debt into retirement isn’t always bad news June 23, 2026 As more pensioners turn to housing wealth to fund old age, James Daley argues that perceptions around carrying debt into retirement need to change.
SpaceX kicks off bond sale as it looks to begin mass borrowing spree June 22, 2026 Elon Musk’s SpaceX has begun selling investment grade bonds for the first time in what is anticipated to be a mass borrowing spree in order to fund the company’s ambitious AI plans following its blockbuster Nasdaq listing. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley are arranging calls with investors [...]
Speed or stability? Bond markets strap in for Andy Burnham coronation June 22, 2026 City bond traders are strapping in for a “jumpy” ride as Andy Burnham looks set to cruise into Downing Street uncontested – even if a coronation helps head off the worst volatility, analysts have said. The former Manchester Mayor’s bid for the top job won a major boost today as former health secretary Wes Streeting [...]
Streeting backs Burnham as ‘King of the North’ calls for ‘orderly’ transfer of power June 22, 2026 Wes Streeting has backed Andy Burnham to become Prime Minister as the former Manchester mayor formally announced his leadership bid. The former health secretary said Burnham “can win the fight of our lives against the forces of nationalism”. Streeting said he had spoken “at length” with Burnham and said the former Manchester mayor was “committed [...]
As it happened: How Starmer resigned and when Streeting backed Burnham June 22, 2026 Sir Keir Starmer resigned as Prime Minister. The Labour leader said on Monday he “had heard the answer of the parliamentary party” that he was not the right person to lead the party into the next election. He said nominations for a new leader will open on July 9, and if a contest goes ahead, [...]
HMRC has been overtaxing pensioners for a decade- have you been affected? June 22, 2026 Two weeks ago it was revealed that HMRC has been overcharging millions of pensioners on their tax bill for at least a decade. The taxman had knowingly overcharged taxpayers in receipt of their state pension because of an error in how their income was calculated each year, increasing the bills of up to 8.7m pensioners [...]
Starmer resigns as Prime Minister June 22, 2026 Sir Keir Starmer has resigned as Prime Minister less than two years after winning a landslide victory at the 2024 general election. Starmer had faced mounting pressure in recent days after challenger Andy Burnham swept to victory in the Makerfield by-election. In a speech outside Downing Street, the Prime Minister said his position had become [...]
Babcock predicts global government defence spending spree after hit to profit June 22, 2026 Babcock said it had suffered a £140m financial hit due to delays in a contract with the Royal Navy but reiterated its financial targets for the next year, predicting high spending as global governments plough cash into defence. Profit before tax slumped to £267.2m from £339.4m in the prior year after problems with its Type [...]
Who could be Andy Burnham’s Chancellor? June 22, 2026 As speculation over the Labour leadership grips Westminster, Maurício Alencar looks at the possible candidates for the next Chancellor – an appointment that will face heavy scrutiny by the markets. Andy Burnham’s journey toward Downing Street so far has featured scores of polls outlining his popularity among Labour members and the public, Labour MPs travelling [...]