John Healey Must Clean Up Rachel Reeves' Economic Mess
New chancellor John Healey faces a huge task cleaning up Rachel Reeves' legacy, with experts urging him to avoid tax speculation and simplify pensions and ISAs.
Category : Economy
Andy Burnham's early promises: Fools Gold or election groundwork?
Andy Burnham's first cost-of-living measures as PM include a VAT cut on electricity and a bus fare cap, but critics warn the benefits may be limited.
Where Will Andy Burnham Find the Money for Spending Pledges?
Andy Burnham faces scrutiny over funding his ambitious plans, including a VAT cut on energy bills and defence spending, as the UK's fiscal headroom shrinks to about £10bn.
What kind of chancellor will John Healey be?
Diligent, popular, unexpected pick for the Treasury has been given a straitjacket – and the job of funding PM’s policy promises.
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Trump approves Saudi uranium enrichment deal, reports say
Donald Trump has approved an agreement with Saudi Arabia that could provide the kingdom with uranium enrichment capability for its civilian nuclear programme, according to reports.
UK inflation falls to 2.6% in June, beating forecasts
UK inflation dropped to 2.6% in June, exceeding expectations and supporting new PM Andy Burnham's cost-of-living pledges, with fuel and clothing prices falling.
Healey faces tough test balancing fiscal rules with Labour ambitions
John Healey must reconcile tight fiscal rules with Labour's goals of rolling back Thatcherism and reindustrialising Britain, as Andy Burnham takes a hands-on approach to economic policy.
Scorched Earth and a Hungry Wasp: Photos of the Day
The Guardian’s picture editors select photographs from around the world, including wildfires, protests, and a wasp with snake flesh.
Great Barrier Reef Microbiome Mapped: 500 New Bacteria Found
Scientists have mapped the microbiome of the Great Barrier Reef, identifying over 360,000 viruses and more than 500 new bacterial species previously unknown to science.
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RBA quiz: most Australians misunderstand interest rate impact
Only one in four Australians correctly identified that higher interest rates lead to lower inflation, RBA survey finds, highlighting a gap in economic literacy.
Powerball UK Launch: £300 Million Jackpot Details
Powerball, the world's biggest rolling jackpot game, arrives in the UK with a £300 million opening jackpot. Tickets cost £4 per line, with draws three times a week.
Andy Burnham on £12,570 Tax Change: No Immediate Commitment
Prime Minister Andy Burnham says he is not making an immediate commitment to changing the £12,570 tax-free personal allowance, but it will be considered in the Budget.
Fuel poverty dad: Andy Burnham must do more for poorest families
A single father forced to live off his daughter's leftovers responds to PM Andy Burnham's VAT cut on electricity bills, calling for more targeted support.
Tories Slam Labour Over Inflation as Rate Falls to 2.6%
UK inflation fell to 2.6% in June, but Tories warn Labour's policies are 'deeply concerning' for families as the rate remains above the Bank of England's 2% target.
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Bury Food and Drink Festival Returns with Artisan Stalls
The Bury BID Food and Drink Festival returns July 24-26 with artisan stalls, live music, a Hong Kong Market, and free entry across the town centre.
Healey urged to scrap Reeves' tax hikes
Pressure mounts on new Chancellor John Healey to ditch Rachel Reeves' tax changes as AJ Bell warns uncertainty has cost savers billions.
Burnham: No unfunded promises, tax decisions at budget
PM Andy Burnham says he is reprioritising spending to tackle cost of living, with no unfunded policy promises, as he announces £2 bus fare cap and VAT cut on electricity.
UK inflation eases to 2.6% in June as food and fuel costs fall
UK inflation fell to 2.6% in June, down from 2.8% in May, as food, clothing, fuel and bus fares dropped. However, air fares, software and smartphones saw price rises.
Burnham won't commit to raising tax-free allowance
New PM Andy Burnham says he will 'look at' raising the tax-free Personal Allowance in the next Budget but stops short of a commitment, amid reports he may drop the plan.
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Reeves Gets Good Inflation News 48 Hours After Sacking
Rachel Reeves received inflation figures showing CPI fell to 2.6% in June, just two days after Andy Burnham sacked her as chancellor, a bitter twist given her economic record.
Brits save money by pursuing hobbies while house sleeps
81% of Brits are happiest during off-peak times when they have space for hobbies, according to EDF research ahead of the Glasgow 2026 Commonwealth Games.
Air fryer vs oven: Which is cheaper and more energy efficient?
Air fryers are cheaper to run than ovens for small meals, according to the Energy Saving Trust. Ovens are better for batch cooking.
UK inflation drops to 2.6% in June, lowest in 15 months
UK inflation fell to 2.6% in June, the lowest since March 2025, providing an early boost to PM Andy Burnham's cost-of-living agenda, with VAT on electricity cut and bus fare cap announced.
Andy Burnham rules out raising tax-free allowance
Prime Minister Andy Burnham has ruled out increasing the £12,570 tax-free personal allowance, rowing back on previous hints, according to the BBC.
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UK inflation falls to 15-month low of 2.6% in June
UK inflation fell to 2.6% in June, its lowest since March 2025, down from 2.8% in May, as food and fuel prices dropped, providing relief to PM Andy Burnham.
UK inflation drops to 2.6% in June, lowest since March 2025
UK inflation fell to 2.6% in June, its lowest level in 15 months, down from 2.8% in May, according to the Office for National Statistics.
UK Inflation Falls to 2.6% in Boost for New PM
UK inflation fell to 2.6% in June, down from 2.8% in May, providing an early boost for new Prime Minister Andy Burnham, but experts warn of a temporary relief.
Burnham announces £2 bus fare cap from January
Prime Minister Andy Burnham has announced a £2 cap on single bus fares across England from January, funded partly by changes to international climate finance.
Burnham pledges triple lock until 2029 election
New PM Andy Burnham has indicated he will keep the state pension triple lock until the next general election, despite warnings from the OBR about rising debt.
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Andy Burnham's team wary of fiscal tightrope
Andy Burnham's team is keenly aware of the need for fiscal caution, avoiding market meltdown while pursuing change, with next week seen as a moment of real peril.
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