Wall Street billionaire tells Andy Burnham and John Healey ahead of October budget that hike could put investment at risk, it is understoodJamie Dimon, the chief executive of the largest US bank, JP Morgan, is understood to have...
Read MoreCritics say threshold pushes higher-paid staff to cut back on work and often mothers to stop working to avoid losing entitlementJohn Healey has been urged to fix the £100,000 childcare “cliff edge”, that means some higher-paid...
Read MoreWall Street CEO holds meeting with John Healey amid speculation over windfall tax on banks in October budgetJamie Dimon, the chief executive of the largest US bank, JP Morgan, is understood to have warned the UK chancellor John...
Read MoreWall Street billionaire’s meeting with John Healey comes amid deep speculation over higher windfall tax on banks in October budgetJamie Dimon, the boss of the largest US bank JP Morgan, is set to warn John Healey against raising...
Read MoreHigh yields threaten to wipe out at least half of the £24bn headroom John Healey was expecting to have for his budgetThe UK government was forced to pay the highest interest rate for a 30-year bond since 1998 on Tuesday,...
Read MorePrime minister promises his government will make decisions ‘grounded in fiscal responsibility’Andy Burnham moved to calm volatile bond markets on Wednesday as surging borrowing costs threatened to wreck plans for his...
Read MoreIn first PMQs clash with Kemi Badenoch, prime minister rejects comparison to Liz Truss’s governmentUK politics live – latest updatesAndy Burnham blamed the Conservatives’ legacy for leaving the UK vulnerable to market turmoil,...
Read MoreChancellor says he wants everyone from apprentices to senior economists to take part in brainstorming exerciseJohn Healey has asked junior Treasury staff – including IT workers and apprentices – to send him ideas for his October...
Read MoreAs economic circumstances worsen, the PM’s commitments have left him and the chancellor in a tight spotWhen Andy Burnham made his first speech after returning as an MP, he promised that as prime minister he would oversee “the...
Read MoreChancellor pledges ‘fiscal discipline’ as plan to spend 3% of GDP on defence by 2030 deferred until 2027 reviewThe new chancellor, John Healey, will delay setting out when the UK will meet the target of spending 3% of GDP on...
Read MoreChancellor will have to find money for Burnham’s policies while sticking to fiscal rules as borrowing costs riseAndy Burnham’s government has set a date for a late October budget to “spread money and power” out of Westminster as...
Read MoreLeading thinktank says higher oil prices and inflation will give Andy Burnham a ‘challenging inheritance’Andy Burnham has been warned by a leading thinktank of “very difficult trade-offs in the next autumn budget” if the Iran...
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