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UK borrows less in June but fiscal challenge for Burnham remains huge

UK borrows less in June but fiscal challenge for Burnham remains huge

LONDON, July 21 (Reuters) - Britain's government borrowed £16 billion ($21.51 billion) in June, a third less than in the same month last year, according to official data which nonetheless showed the scale of the fiscal challenge facing new Prime Minister Andy Burnham.
Reuters Reuters
Weak UK jobs market holds steady as new PM takes office

Weak UK jobs market holds steady as new PM takes office

By Suban Abdulla LONDON, July 21 (Reuters) - Britain's job market appears to have stabilised at weak levels with official data showing annual wage growth and unemployment steady in the three months to May and payrolled employment little changed in June despite political turmoil in Westminster.
Reuters Reuters
UK inflation slows to 2.6% in June

UK inflation slows to 2.6% in June

LONDON, July 22 (Reuters) - Britain's annual rate of consumer price inflation fell to 2.6% in June from 2.8% in May, official figures showed on Wednesday.
AP News AP News
UK leader Burnham gathers his Cabinet after sweeping away Starmer supporters

UK leader Burnham gathers his Cabinet after sweeping away Starmer supporters

New UK Prime Minister Andy Burnham is gathering his Cabinet after removing allies of predecessor Keir Starmer from the government
Reuters Reuters
Analysis-New UK finance minister calms market but investors see more tax and debt ahead

Analysis-New UK finance minister calms market but investors see more tax and debt ahead

By William Schomberg LONDON, July 21 (Reuters) - The surprise decision by Britain's new Prime Minister Andy Burnham to make John Healey his finance minister is adding to questions about how much extra borrowing or tax hikes are coming for the stretched bond market and an economy struggling to grow.
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What to know about the key challenges Andy Burnham faces as UK prime minister

What to know about the key challenges Andy Burnham faces as UK prime minister

Andy Burnham faces major challenges ahead as the latest British prime minister to take up residence in 10 Downing Street
Rapid Read Rapid Read
Andy Burnham Becomes UK's New Prime Minister Amid Political Turmoil

Andy Burnham Becomes UK's New Prime Minister Amid Political Turmoil

Andy Burnham has been appointed as the United Kingdom's new Prime Minister, marking the seventh leadership change in a decade. Burnham, who previously served as the mayor of Greater Manchester, succeeds Keir Starmer after the Labour Party's internal decision to replace him. Burnham's leadership is expected to focus on devolving power from London to regional authorities, aiming to address the UK's political instability and economic challenges. His initial actions include reshuffling the Cabinet and emphasizing a commitment to regional empowerment and economic development.
Reuters Reuters
Andy Burnham to become prime minister, pledging to 'rewire Britain'

Andy Burnham to become prime minister, pledging to 'rewire Britain'

By Elizabeth Piper LONDON, July 20 (Reuters) - Andy Burnham becomes Britain's seventh prime minister in a decade on Monday, promising to "rewire" the nation to focus more clearly on issues people care about, such as a cost-of-living crisis and poorly performing services.
Reuters Reuters
New PM Andy Burnham sets out first steps to reshape Britain

New PM Andy Burnham sets out first steps to reshape Britain

LONDON, July 21 (Reuters) - Andy Burnham will set out his first measures as Britain's new prime minister on Tuesday in an attempt to deliver on his promises to ease a cost-of-living crisis, improve lives and end a decade of political instability.
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Starmer says his work is done as Andy Burnham prepares to take office as UK prime minister

Starmer says his work is done as Andy Burnham prepares to take office as UK prime minister

Keir Starmer says his work is done as he prepares to resign as British prime minister
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Britain's new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy

Britain's new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy

Britain’s new leader, Andy Burnham, is facing the same old problem: How can he kickstart a sluggish economy so that growing companies and increased output generate enough additional revenue to boost defense spending and pay for everything else voters want without raising taxes
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Andy Burnham will become UK prime minister after a meeting with King Charles III

Andy Burnham will become UK prime minister after a meeting with King Charles III

Andy Burnham is set to become the U.K.'s new prime minister on Monday, succeeding Keir Starmer