UK government economic development bank
Prediction platforms Kalshi, Polymarket and Rothera have seen record or near-record volumes during June as the FIFA World Cup boosts activity. Kalshi and Polymarket report multi-billion notional volumes; open interest exceeds $1 billion on Kalshi and near $400 million on Polymarket’s international platform. U.S. volumes on Polymarket exceed $3.5 billion, with the U.S. event draw strong bets amid low odds of winning.
Prime Minister Burnham has set out a cost‑of‑living agenda, unveiling measures to ease households’ bills and launch a Northern Downing Street outpost. The plan includes VAT relief on energy, a bus fare cap, and funding to end rough sleeping, with details on funding and timelines updated as the government navigates fiscal constraints.
Labour has set October 28 for its autumn budget, pledging fiscal discipline. Ministers say the plan will fund devolution, defence and growth while maintaining the party’s rules, even as borrowing costs rise and the Iran conflict strains public finances.
The government has framed its approach to the October budget around boosting growth while preserving fiscal discipline. Chancellors have signalled a commitment to devolution, welfare reform, and a tighter budget in response to high borrowing costs and global instability.