British Conservative politician and current shadow chancellor in Badenoch’s team since Nov 2024
Global bond yields have risen amid fears of inflation and political instability. The United States, Japan and the United Kingdom are facing higher borrowing costs as markets react to regional tensions and potential leadership changes.
Ann Widdecombe has been found dead at her Haytor, Devon, home after sustaining serious injuries. Police have arrested a 28-year-old man in Rotherham and counter-terrorism officers have taken over parts of the inquiry. Authorities say there is currently no information to indicate a political motive or that the attack is terrorism-related.
Andy Burnham has announced an 850 million VAT reduction on domestic electricity bills from October, funded by scrapping the digital ID programme. The move aims to ease cost of living pressures, with ministers pledging immediate relief and a broader cabinet reshuffle follows.
Prime Minister Burnham has announced a plan to cap most bus fares at £2 from January as part of a broader effort to ease living costs. He has frozen the £12,570 personal allowance for five years, while noting any change would be costly. The government is also set to outline further measures later this week.
A group of UK-based millionaires have signed an open letter urging Prime Minister Burnham to tax the very wealthy. The letter argues wealth tax could fund public services and reduce inequality. Signatories include Gary Lineker, Val McDermid, Richard Curtis and Brian Eno. The government says any changes will be announced in due course at the budget.
Burnham has vowed to reform England's social care system, promising to spend political capital to address a long-running crisis. He has faced questions on funding as he outlines pledges in his early weeks as prime minister.