Category : Economy


Burnham Faces £4.7bn Defence Black Hole Left by Starmer

Andy Burnham inherits a £4.7bn defence funding gap from Keir Starmer's Defence Investment Plan, described as an 'unexploded bomb'. The new PM must navigate tensions over military spending, NATO commitments, and Argentine provocations.

Burnham Set to Cut Energy Bills by £130 Yearly

Andy Burnham, set to become Prime Minister, may announce a £130 annual cut in energy bills by moving green levies to general taxation and reducing standing charges, according to Nesta proposals.

Rachel Reeves Fails Growth Mission as Economy Flatlines

Rachel Reeves has failed her number one mission of economic growth, with new GDP figures showing a flatlining economy. She will leave No 11 as Andy Burnham prepares to become PM, facing a Herculean task to revive growth.

UK Economy Grows 0.1% in May Despite Iran War Impact

The UK economy grew by 0.1% in May, rebounding from a 0.1% decline in April, driven by a 5.1% rise in scientific research, despite energy cost pressures from the Iran war, according to the Office for National Statistics.

Mahmood vs Miliband: Burnham's Chancellor Choice

Andy Burnham becomes UK PM on Monday but hasn't chosen a chancellor. Rumours swirl between Shabana Mahmood and Ed Miliband. Pippa Crerar and Kiran Stacey discuss his options and top priorities.

Final Weeks for Troubles Disabled Payments Scheme

By May, £139 million had been paid out. The Troubles Permanent Disablement Payment Scheme closes to new applicants at the end of August. The Stormont committee urges eligible individuals to apply.

Reeves 'Failed' on Growth in Final Week as Chancellor

Rachel Reeves has 'failed' in her economic growth mission, the Tories warn in her final week. GDP grew just 0.1% in May, following a 0.1% dip in April. Shadow Chancellor Sir Mel Stride said: 'She has failed.'

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