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  • Unfunded Digital ID will not free up new cash for Burnham’s cost of living plans

    July 21, 2026

    Andy Burnham is facing criticism from his own backbenches after claiming he would fund his cost of living plans by scrapping Labour’s digital ID scheme – despite the policy being unfunded at the last budget. In his first major policy announcement as prime minister, Burnham revealed today he would remove VAT from domestic electricity bills [...]

  • Four charts revealing scale of Andy Burnham’s economic challenge

    July 21, 2026

    Andy Burnham has harboured ambitions to be Prime Minister for over a decade. But the economy he is inheriting will take the shine off his lofty hopes – just look at these four charts. As he stepped out onto Downing Street for the first time as Prime Minster, Andy Burnham allowed himself to break out [...]

  • As it happened: Stocks rally as defence shares surge on John Healey as Chancellor

    July 21, 2026

    Welcome back to the City AM FTSE 100 liveblog. It’s Tuesday and the markets have been adjusting to the first full day of Andy Burnham’s Labour government. Burnham shocked Westminster and the City on Monday evening when he appointed John Healey as his Chancellor, just weeks after he had resigned in protest as defence secretary. [...]

  • Big Yellow slashes staff and turns to automation after Reeves’ business rates blow

    July 20, 2026

    Big Yellow continued to trim its headcount and hike investment into automation in a bid to cut staff costs, as the company continues to deal with the fallout of Reeves’ decision to hike business rates. The Chancellor’s decision to increase both national insurance and minimum wage in the 2024 Autumn Budget, caused the group to [...]

  • Ryanair profit tumbles as jet fuel prices soar

    July 20, 2026

    Ryanair shed more than a third of its profit as rising jet fuel prices triggered by the Iran war began to take effect.  The budget airline had previously insulated itself from rising fuel prices by fixing its energy costs on hedged contracts.  But Ryanair said the cost of the 20 per cent of its jet [...]

  • Iran war woes cause jump in London-listed profit warnings

    July 20, 2026

    The rising energy costs and fragile consumer confidence caused by the Iran war have driven a jump in the number of profit warnings issued by London-listed firms.  UK-listed companies issued 59 profit warnings in the first half of this year, up from 55 last year, with more than half of these being blamed on policy [...]

  • Temporary inflation slowdown set to boost Burnham

    July 19, 2026

    Inflation is expected to have eased last month in a welcome but temporary boost for Andy Burnham’s incoming government.  The headline rate of Consumer Prices Index (CPI) inflation is tipped to have eased from 2.8 per cent in May to 2.6 per cent in June, according to some economists.  The latest rate of inflation will [...]

  • Octopus tells Burnham to ‘cut bills’ with £189 energy plan

    July 18, 2026

    Octopus Energy has urged incoming prime minister Andy Burnham to overhaul Britain’s electricity market, saying the changes could cut the average household bill by up to £189 a year. The supplier said reforming wholesale electricity pricing would save households around £114 a year, and also called for energy levies to be moved from electricity bills [...]

  • Energy minister says AI must ‘bring down bills’ as data centres squeeze the grid

    July 15, 2026

    Power-hungry data centres must help bring down bills rather than place further strain on Britain’s squeezed electricity network, the energy minister has said. Michael Shanks warned public support could drop for the rapid expansion of AI infrastructure unless households saw a clear economic benefit. “We need to deliver energy security here at home, but we [...]

  • Barratt Redrow urges Burnham to slash tax to boost housebuilders

    July 15, 2026

    Barratt Redrow has called on Prime Minister-to-be Andy Burnham to cut taxes to encourage housebuilding and remove “barriers to home ownership”.  The FTSE 100 housebuilder urged the government to address “the increasing regulatory and tax burdens that are constraining viability” to “unlock higher levels of housing delivery, including affordable housing”. Burnham has pledged to back [...]

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