Category: Economic policy

Tax promises, defence targets and Iran: Andy Burnham’s budget headaches

As 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...

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No more UK energy bills support likely before price cap rise

Andy Burnham stops short of pledging further help as gas and electricity prices due to increase by 4% in OctoberHouseholds are unlikely to receive further energy bills support before the October price cap, though more targeted...

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No further energy bills support likely before price cap rise, say UK government sources

Andy Burnham stops short of pledging further help as gas and electricity prices due to increase by 4% in OctoberHouseholds are unlikely to receive further energy bills support before the October price cap, though more targeted...

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UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget

July data shows total public debt was £2.98tn, or 94% of GDP – up £96bn on a year earlierBusiness live – latest updatesThe UK government ran a larger than expected £1.8bn deficit in July, underlining the challenges facing the...

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New UK cost of living crisis looms with soaring energy bills forecast to lift inflation

Latest reading on Wednesday likely to frame scale of challenge for new PM to ease pressures on households amid Iran war fallout British households are facing a renewed cost of living squeeze, with official figures expected to...

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UK heatwaves may have cost economy £4.4bn in lost output so far this year, analysis finds

Verdant thinktank says cost could top £25bn a year by 2030 and calls for maximum temperature for working and urban redesign to cool down citiesRepeated debilitating heatwaves this summer are likely to have cost the UK economy...

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Burnham vows crackdown on ‘rip-off’ business practices to ease cost of living

First of PM’s ‘everyday fixes’ to be banning fake discounts and making it easier to cancel unwanted subscriptionsAndy Burnham: I’ll end the rip-offs that people hateAndy Burnham has promised a series of measures to tackle the...

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Union calls for robust review of OBR over fears it holds back economic growth

TUC will urge John Healey to order ‘root and branch’ assessment of watchdog amid claims its forecasts downplay investment benefitsThe TUC is urging the new chancellor, John Healey, to order a “root and branch” review of the...

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UK faces ‘very difficult trade-offs’ in budget because of Iran war, say analysts

Leading 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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