UK disposable income rises as benefits payouts soar ahead of wages September 30, 2026 The average UK household’s disposable income increased in the second quarter of the year driven by a rise in benefit payouts. Real household disposable income per head – which measures the average spending and saving capacity of Brits – increased by one per cent in the second quarter to £6,577, new figures from the Office [...]
Economists warn of tax hikes after Burnham admits social care funding ‘shortfall’ September 30, 2026 Andy Burnham has admitted there may be a “shortfall” in his ambitious plans to fund a new national care service, as economists warn that taxes will have to rise. Burnham announced plans to adjust the triple lock from 2030, effectively creating a double lock, using the savings to fund the new service. The new mechanism [...]
As it happened: FTSE 100 gives up gains as oil rises despite emergency release; UK GDP revised September 30, 2026 Welcome back to the City AM liveblog. Stick with us throughout the day for the latest London Stock Exchange and wider business and economic news, as soon as we get it. Here’s a look at some of our top headlines: The liveblog has ended.No liveblog updates yet. Load more
Exclusive: Mayors can use tourist tax to ramp up borrowing, Burnham tells business September 30, 2026 Andy Burnham has looked to justify his new uncapped “tourist tax” to business chiefs by claiming it will allow mayors to ramp up borrowing, City AM understands. In various meetings at Labour’s Business Day, top business groups were told by ministers the so-called overnight stay levy will let mayors take on more debt and use [...]
Burnham sets out his socialist stall and business barely gets a mention September 30, 2026 We were told to expect a speech that would leave no room for doubt about what Andy Burnham believes in, and we got one. There might not be much detail yet about how the Burnham Revolution will unfold but there is no ambiguity, either. The Prime Minister painted a vision of what this country could [...]
The state wants to ‘buy British’. But the British don’t want to work with the state September 30, 2026 The government's drive to 'buy British' is futile if British companies don't want to sell to them, writes Joe Hill.
Reform UK and Tories attack Burnham’s triple lock pension move September 29, 2026 Reform UK and Tory leaders have hit out at Andy Burnham’s plans to drop the triple lock on pensions in a future Labour manifesto, setting up a clash on a policy which previously had the backing of all major political parties. On Tuesday, the Prime Minister said he would lead his party on a pledge [...]
End the non-competes! Tech bosses warn ‘unfair’ rules are choking UK growth September 29, 2026 Some of Britain’s leading tech founders have called on the government to tear up “unfair” employment restrictions they say are choking growth and leaving UK startups struggling to compete with Silicon Valley. The bosses of Elevenlabs, Synthesia, Fuse Energy and a string of British AI startups have signed an open letter published on Tuesday demanding [...]
End of triple lock: What is the double lock and will it work? September 29, 2026 Andy Burnham has pledged to drop the triple lock on state pensions for a so-called ‘double lock’ in Labour’s next manifesto in order to pay for his new National Care Service. In an address to party members, Burnham confirmed the existing triple lock mechanism will remain in place for the remainder of this parliament before [...]
Burnham to repeal Thatcher-era ban on public ownership of water companies September 29, 2026 The government will repeal a ban on public ownership of water companies as part of ten-year transformation of the privatised water sector, the Prime Minister has announced. Speaking at the Labour conference in Liverpool, Andy Burnham said the privatised water industry introduced under Margaret Thatcher had failed and his government would introduce a new water [...]