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Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?
UK NewsPoliticsBusiness•July 3, 2026 at 7:00 AMNational

Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?

By Richard Partington Senior economics correspondent•The Guardian - UK News

Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’An economy rattled by a global energy shock, jittery bond markets and rising spending demands. As Andy Burnham prepares for government, the pressures on the public finances are in focus.The prospective prime minister pledged a new direction for Britain this week within two constraints: sticking to Labour’s current fiscal rules, and consistency with its 2024 manifesto. Continue reading...

Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’

An economy rattled by a global energy shock, jittery bond markets and rising spending demands. As Andy Burnham prepares for government, the pressures on the public finances are in focus.

The prospective prime minister pledged a new direction for Britain this week within two constraints: sticking to Labour’s current fiscal rules, and consistency with its 2024 manifesto.

Continue reading...

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