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BIZARRE: 3 - What They Never Told You

Taxing the banks: what Europe’s windfall levies brought in as Burnham eyes his next move

Ahead of a crucial budget, four countries’ experiments offer a mixed verdict on how to tax bumper profits

The Guardian - UK

'Be a leader, not a people-pleaser': Kemi Badenoch rips into Andy Burnham's spending plans at PMQs

Andy Burnham asked repeatedly if he plans to increase taxes to pay for his spending plans at debut PMQs

Evening Standard

The three reasons behind the bond market shock and what it means for Andy Burnham’s first Budget

Ten-year gilts have risen well above 5% this year on the back of the Iran war

The Independent UK

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Global bond sell-off intensifies as US-Iran tensions stoke inflation fears

UK borrowing costs driven up, adding to challenges facing John Healey as he prepares for first budget

The Guardian - UK

Putin issues new threat over Russian attacks on UK sites

It comes after the UK last month agreed to provide Ukraine with Storm Shadow blueprints

The Independent UK

Andy Burnham Faces PMQs Debut With Borrowing Costs at 18-Year High Threatening His Budget Plans

Andy Burnham faces his first Prime Minister's Questions amid rising UK borrowing costs, challenging his economic plans and political leadership. The market turmoil tests his government's fiscal strategies.

International Business Times UK

Burnham’s first PMQs live: PM refuses to rule out tax rises as Badenoch hits out at ‘spendthrift prime minister’

Tory leader warns markets worried about Labour spending plans

The Independent UK

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Fund defence spending from tax rise on middle earners, thinktank tells Healey

Resolution Foundation argues that UK’s internationally low ‘tax wedge’ must rise to pay for defence ambitions

The Guardian - UK

Burnham blames Brexit and Thatcher for ‘wrong turns’ in first Commons speech as PM

The prime minister said Britain needed to be brutally honest about the mistakes of the last 40 years of UK politics

The Guardian - UK

Andy Burnham says he appointed Chancellor ‘because of his commitment to defence’

The Prime Minister appeared to push back against accusations of backsliding on the uplift for spending on the military.

Evening Standard

Pensioners now need £64,000 more to retire than they did five years ago

Fiscal drag means more people are paying higher tax rates without necessarily being more well-off

The Independent UK

‘No doubt’ about Healey’s commitment to defence spending, says Streeting

The Defence Secretary said the Chancellor would provide funding for the Defence Investment Plan at next month’s Budget.

Evening Standard

UK hits back at Trump after US president reignites Falklands row

‘The Falkland Islands are British with the right to determine their own future’, the prime minister’s official spokesperson said

The Independent UK

Trump could challenge British sovereignty over Falkland Islands

IN FULL

The Independent UK

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The Economic Times

UK doubles penalties for sanctions breaches to squeeze Russia

Britain has doubled penalties for sanctions breaches, increasing the maximum fine to 100 percent. The UK Treasury stated this action aims to pressure Russia's war economy and its supporters. A nationwide alert targets the Kremlin-backed A7 network for routing funds and evading restrictions. This move supports the private sector in…

The Guardian - UK

Any ideas, anyone? Healey asks for budget pitches from apprentices and IT staff

Chancellor opens up brainstorming to Treasury staff of all levels, and says some will be asked to pitch to him in person

Evening Standard

Andy Burnham to be grilled by MPs in first Commons appearance as Prime Minister

Andy Burnham will use his first appearance at the despatch box in 16 years to argue for stronger public control over many of the country’s services

The Independent UK

Burnham to seek greater public control of services in Commons debut as PM

Today’s Commons statement, his first since becoming prime minister, will be the first chance for MPs to probe Mr Burnham on the slew of policies that he announced over the summer during parliamentary recess

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The Guardian - UK

Burnham’s bumpy ride ahead: PM’s in-tray full of dilemmas as parliament returns

Labour leader faces tough decisions on issues such as North Sea drilling, electoral reform and defence spending

The Independent UK

John Healey tells counterparts to ‘step up’ as he arrives at first G20 summit

The new Chancellor urged a need to ‘step up international co-operation’ on the Middle East and energy prices

Evening Standard

John Healey calls on counterparts to ‘step up’ as he arrives at first G20 summit

The Chancellor urged a need to ‘step up international co-operation’ to tackle a ‘number of challenges’ including the Middle East and energy prices.

The Guardian - UK

Defence spending is an insatiable beast. John Healey is right to tame it

The MoD grossly overspends then claims poverty. It’s high time it was treated as just one part of a progressive government, says John McTernan, former special adviser to the Ministry of Defence

The Independent UK

Andrew Bailey warns AI could trigger global market downturn

IN FULL

The Independent UK

Bank of England governor: AI risks forcing global economic downturn

Warning comes as Chancellor John Healey announced a £100 million fund aimed at backing British AI start-ups

Evening Standard

AI could cause global economic downturn, Bank of England governor warns

Andrew Bailey said that a ‘future market correction’ could spread across the world if the AI bubble bursts, in a letter to G20 finance ministers.

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