UK PM Starmer government crisis
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UK inflation jumps to 3.1% as energy costs soar
The average price of gasoline rose by 9.1 pence per liter between July and August 2026, reaching the highest level since November 2022.
The RAC said petrol and diesel prices had hit their highest level since the Iran war began, at prices not seen in four years.
Food and non-alcoholic beverages inflation slipped to 1.1% year-on-year in August 2026.
“AI is also an important but often overlooked factor at play in the inflation picture as demand for metals, semiconductors and other supply-chain goods grows. For now, it is too early to tell if the energy price spike is evolving into a broader inflation shock but fears will be growing. Much still depends on the duration of the war in the Middle East.”
Andy Burnham and chancellor face Budget battle
Former Bank of England chief economist Andy Haldane said on LBC that without signs of cuts to public spending "the markets now suspect that this is a traditional tax and spend socialist government with better TikTok videos".
Andy Burnham identified "putting digital ID on hold" as an example of reprioritising government spending.
Former cabinet minister Darren Jones criticised Burnham on the grounds that the government had not yet allocated the money for digital ID.
UK state pension triple-lock set to rise by 3.9% (business live roundup)
Webb warned that the Government’s move to create a “tax amnesty” for pensioners will only protect one in 16 retirees.
Total pay rose by 3.9% over the last year, according to recent data.
Public sector pay is running at 6.3%, more than twice the 2.9% pace in the private sector.
Leaders of Scotland, Wales, and Northern Ireland unite for self-determination
Andy Burnham stated that another referendum on Scottish independence was off limits.
John Swinney, Michelle O'Neill, and Rhun ap Iorwerth attended the meeting in their capacity as party leaders, rather than as officials in their respective governments.
A University of Liverpool survey found 36 percent in Northern Ireland would vote for Irish reunification.
“The future of our nations belongs in the European Union … For people watching across these islands – for people watching around the world – there could be no clearer sign that Westminster’s time is coming to an end.”
Analysis: UK economic conditions traced back to Trump policies
John Healey is drafting a plan for the autumn budget scheduled for 28 October.
Oxford Economics estimates that current market conditions could halve the £23.6bn fiscal headroom left by Reeves.
Jaguar Land Rover announced 4,000 job cuts.
Jamie Dimon and bankers lobby UK ahead of budget
In the UK, banks pay the standard 25% corporation tax plus a 3% bank surcharge.
Dimon is reported to have held talks with UK Prime Minister Andy Burnham.
Dimon said in May that JP Morgan may rethink its new tower in London's Canary Wharf if a new government was hostile to banks.
UK chancellor says economy 'turning a corner' despite debt concerns
Rupert Harrison, senior adviser at Pimco, said the UK was being treated as 'guilty until proven innocent' in terms of fiscal responsibility.
Healey described the UK economy as 'turning the corner'.
Reform UK economic spokesman Robert Jenrick said Healey had no idea how to rescue the economy.
“My defining mission as chancellor is growth, good growth in every postcode. And I've set out today the way this government will set about it: more devolution, more public leadership and control, more investment, more innovation, more jobs.”
Green Party's Zack Polanski to stand in by-election for Starmer's seat
Polanski wrote on X that Labour stands up for corporations and big money.
Zack Polanski told the Camden New Journal he would be the Green candidate for Holborn and St Pancras.
Starmer said on Tuesday that it was the right time to resign as the MP for Holborn and St Pancras after 11 years.
John Crace column on Keir Starmer and Andy Street vs Trump
Burnham is boxing himself in with the same fiscal rules as Starmer.
Andy Burnham, when mayor of Greater Manchester, said Donald Trump would not be welcome in his city.
Keir Starmer offered Trump a second state visit shortly after meeting him.
UK mayors granted powers to overrule local councils on planning
Paul Bristow said the government has "no chance whatsoever" to meet its 1.5 million target.
In the 2024 general election, the Labour government promised to build 1.5 million homes in England by the end of the decade.
A consultation on how the mayoral planning powers will work is due to be published next week.
Andy Burnham becomes UK Prime Minister
No 10 released a press statement promising an additional £340m over five years from the housing department budget to address rough sleeping.
Burnham said in his first Downing Street speech that he would end rough sleeping in the country.
Rachel Reeves confirmed she would leave the chancellor role and not serve in Burnham's cabinet.
“I wished Prime Minister Burnham, GOOD LUCK AND GODSPEED!”
Britain to get new prime minister without general election
Andy Burnham is the 59th person to hold the office of British prime minister.
The next national election in Britain does not have to be held until 2029.
Andy Burnham is the seventh prime minister in a decade.