Rachel Reeves

Burnham will allocate a share of income tax to mayors starting in 2028. The new prime minister is accelerating efforts to decentralize power from Westminster.

The number of UK millionaires has decreased due to tax hikes and inflation, with the Labour government and new PM Andy Burnham considering higher taxes. The CEO of Taxfix, Martin Ott, argues that wealthy individuals have a social responsibility to stay and invest in the UK despite potential tax increases.

UK Prime Minister Andy Burnham formed his new Cabinet, replacing allies of former leader Keir Starmer, and announced a tax cut on energy bills to ease the cost-of-living crisis. Key figures like John Healey and Wes Streeting were appointed to critical roles, while Starmer loyalists such as Rachel Reeves were removed.

Chancellor John Healey is considering issuing 'defence bonds' to raise billions for military funding, despite warnings from Rachel Reeves that they represent increased borrowing.

Keir Starmer, Rachel Reeves, and ex-PM's sacked loyalists are reported to be receiving £200,000 payoffs. Andy Burnham is establishing a 'Cabinet for the North' as part of political developments.

Andy Burnham's new Cabinet replaces Keir Starmer's allies with figures from Labour's mainstream wings, including John Healey as chancellor and Ed Miliband as foreign secretary. The reshuffle emphasizes Burnham's focus on domestic priorities and economic stability.

Rachel Reeves was sacked as Chancellor by Andy Burnham in a purge of the Starmerites. The event is described as a political purge involving key figures.

Andy Burnham is set to become Britain’s sixth prime minister since 2016, succeeding Keir Starmer. He faces challenges including economic instability, a cost-of-living crisis, and political pressures from Reform UK, with plans to focus on economic growth and regional power devolution.

The U.K. is set to appoint Andy Burnham as prime minister, but bond markets remain hyper-reactive due to a 2022 fiscal crisis triggered by unfunded spending and tax cuts under a previous administration. An IMF report highlights the U.K.'s vulnerability to volatile capital flows and foreign investor influence, with global factors accounting for 60%-90% of yield variations. Burnham faces pressure to balance economic revival with bond market demands, as analysts warn of ongoing risks from 'bond vigilantes.'

The economy is described as flatlining as Rachel Reeves approaches leaving Number 11. Reeves delivered a speech at the AI Adoption Summit in the Smith Centre at the Science Museum.

Rachel Reeves boasted about achieving economic growth in a 'goodbye' speech as oil prices surge and household incomes decline. The article highlights conflicting economic indicators.

Keir Starmer is concluding his premiership with international engagements, while Andy Burnham prepares for leadership with an uncertain cabinet reshuffle. Rachel Reeves delivers her final speech as chancellor, and Tony Blair offers advice to Labour's next prime minister.

Electric cars may be GPS-tracked for Rachel Reeves' eVED tax initiative, with 3p-a-mile charges set to increase with inflation despite a 15-year fuel duty freeze. The policy links tax rates to inflation adjustments, contrasting with the frozen fuel duty rate.

Rachel Reeves has urged Andy Burnham to prepare with a 'worked through plan' as he faces immediate 'shocks and challenges' upon entering Downing Street. This could be Reeves' final major interview while serving in her current role.

Rachel Reeves urges Andy Burnham to have a detailed governance plan before entering No 10, as she prepares to leave her role as Chancellor.

Chancellor Rachel Reeves is set to launch a City 'skills compact' requiring firms like Barclays and Lloyds to retrain financial sector workers in AI. The government-backed initiative aims to help workers keep pace with technological changes to prevent mass redundancies.

Chancellor Rachel Reeves is launching a City 'skills compact' to commit firms like Barclays and Lloyds to retrain financial sector workers in AI. The government-backed initiative aims to help workers adapt to technological changes and prevent mass redundancies.

UK chancellor Rachel Reeves proposes merging rival international defense schemes by consolidating competing funding bodies.

MPs in England and Wales allege that government promotions for student loans constituted mis-selling, citing misleading materials like slideshows and videos that omitted key terms. The Treasury select committee also stated ministers have a moral obligation to reverse a recent repayment threshold freeze, which was set to remain at £29,385 until April 2030.

Rachel Reeves is serving customers at McDonald's while anticipating Burnham's potential removal of her from position No11. The article highlights her career move and the uncertainty surrounding her status at No11.

The new defence secretary secured an additional £1.5bn for the UK’s defence investment plan, with significant funding allocated to drones to counter threats from Russia and Iran. This addresses an £18bn funding gap that previously caused the resignation of the former defence secretary.

Andy Burnham, Britain’s soon-to-be prime minister, proposes war bonds to fund the UK military, a concept previously dismissed by outgoing Prime Minister Keir Starmer. The idea, supported by Burnham’s adviser Andy Haldane and the Liberal Democrats, aims to attract public savings through patriotic appeal and tax incentives, with potential to raise £20 billion for defense.

Rachel Reeves predicts Andy Burnham will 'almost certainly' become the next Prime Minister. She defends her spending record and states the military plan will be published 'imminently'.

Rachel Reeves is described as the Chancellor who destroyed Isas, with the article detailing her damaging changes. The piece is authored by Jeff Prestridge.

Andy Burnham's return to Westminster was managed through months of careful planning, with Louise Haigh playing a key behind-the-scenes role. Donald Trump labeled Burnham 'extremely liberal' in his first public comments on the transition, while Rachel Reeves expressed support for Burnham.

Rachel Reeves supports Andy Burnham to be the next prime minister despite reports she may be moved from the role of chancellor. She does not rule out accepting a more junior cabinet position.

Rachel Reeves supports Andy Burnham for leadership despite expectations that Burnham will disregard her requests to retain her position as Chancellor. The situation is described as a 'final humiliation' for Reeves.

Andy Burnham moves closer to becoming Britain’s next prime minister as potential rival Darren Jones withdraws from the Labour leadership race. Keir Starmer, set to resign, focuses on legacy ahead of his successor’s selection, with Burnham expected to face no immediate challengers.

Over 40 progressive economists have written to Unite leader Sharon Graham to reject her claim that Ed Miliband would destroy jobs if he becomes chancellor. The letter comes amid a Labour Party debate about who will succeed Rachel Reeves at the Treasury, with Miliband considered a frontrunner.

Keir Starmer resigned as UK Prime Minister in 2026 after his Labour Party faced rebellion and local election losses, attributed to economic struggles and policy missteps. His premiership, which began with a 2024 election victory ending 14 years of Conservative rule, lasted less than two years.

The article reveals an inheritance tax loophole described as 'so generous' that experts warn Rachel Reeves could close it. The focus is on potential policy changes related to inheritance taxation.

The UK government introduced a temporary VAT cut on children's meals, leading some restaurants to create unusual menus to exploit the tax break. The scheme, part of a 'Great British summer savings scheme,' aims to support struggling venues and ease family expenses.

The new Defence Secretary is being urged not to accept less than £18 billion from Rachel Reeves to strengthen the military.

Defence Secretary John Healey advocated for the UK to join an international investment bank to secure military funding, but the effort was blocked by Rachel Reeves. The initiative aimed to address financial needs for military purposes.

British Prime Minister Keir Starmer faces weakened authority after Defense Secretary John Healey resigned over insufficient defense spending. Healey criticized the government's plan to increase military funding to 3.5% of GDP by 2035, arguing it falls short of the 3% target by 2030 needed to address rising security threats. Starmer has maintained a strong international profile on defense and Ukraine support but struggles with internal party dissent.

John Healey's resignation letter criticizes the prime minister for lacking authority to resist the chancellor's demands and failing to secure necessary defense resources. The accusation highlights tensions over the power dynamic between the PM and the chancellor.

The economy experienced a reversal in April, with Rachel Reeves attributing the decline to chaos caused by the Iran war.

Keir Starmer's 'cost of living tsar' has joined calls to eliminate the pension triple lock, following a demand from Rachel Reeves' favored think tank to scrap the policy as 'wasteful'.

UK Chancellor Rachel Reeves plans to reduce the tax burden for wealthy US expatriates. The policy aims to adjust taxation for this specific group.

Rachel Reeves' favored think tank has called for the elimination of the triple lock on state pensions, labeling it as unsustainable.