Stocks rise as Fed chairman fuels US rate-hike bets In London, defence stocks were among the worst performers in the FTSE 100 amid uncertainty over government spending. Evening Standard · Aug 28
Healey’s budget to duck setting a date for 3% defence spending target Roadmap for increasing department’s share of GDP will be deferred until next year’s review The Guardian - UK · Aug 28
No more UK energy bills support likely before price cap rise Andy Burnham stops short of pledging further help as gas and electricity prices due to increase by 4% in October The Guardian - UK · Aug 26
Healey: £71m investment to reopen tungsten mine is ‘backing British industry’ The Hemerdon tungsten and tin mine in Devon will receive up to £71 million from the National Wealth Fund. Evening Standard · Aug 25
Burnham refuses to rule out tax rises in upcoming autumn Budget ‘We have a manifesto and I will honour that manifesto’ The Independent UK · Aug 25
Burnham says UK in ‘challenging position’ as he declines to rule out tax rises in autumn Budget Questions remain over how some of Burnham’s promises will be paid for The Independent UK · Aug 24
From welfare to prisons: the challenges for Burnham when MPs return to Commons PM’s honeymoon period will come to an end as he makes decisions on the budget, welfare, migration and prisons The Guardian - UK · Aug 24
Londoners face 'sinister' Government home inspections as part of mansion tax enforcement Valuation agents working for HMRC will visit properties to assess whether they are worth more than £2 million and therefore liable for the new levy Evening Standard · Aug 23
Burnham to dispatch 100 Whitehall officials to help regional mayors Civil service scheme announced after PM convened local leaders to ‘situation room’ meeting from No 10 North The Guardian - UK · Aug 21
Labour stalling on Jackdaw and Rosebank because ‘heart’s not really in it’, says Badenoch – as it happened Conservative leader says it is essential decision on oil and gas fields made as soon as possible, despite widespread concerns about climate impact The Guardian - UK · Aug 21
UK reports unexpected deficit of £1.8bn as John Healey prepares for first budget July data shows total public debt was £2.98tn, or 94% of GDP – up £96bn on a year earlier The Guardian - UK · Aug 21
New Chancellor given pre-Budget challenge as borrowing jumps unexpectedly The ONS said government borrowing stood at £1.8 billion in July, £700 million more than a year ago. Evening Standard · Aug 21
UK debt nears £3 trillion as government borrowing unexpectedly climbs Most economists had forecast zero borrowing last month while the OBR had predicted a £500 million surplus The Independent UK · Aug 21
Energy Bills Rocket by £221 as UK Inflation Hits 2.9% in Fresh Blow for Millions of Households UK inflation rose to 2.9% in July, driven by increased energy bills due to global tensions. The Bank of England maintains interest rates, while government measures aim to ease household pressures. International Business Times UK · Aug 19
The Guardian - UK · Aug 19 Can Andy Burnham rewire the ‘Treasury brain’ to boost growth? PM wants to reduce department’s stranglehold on public purse and bring long-term thinking to economic policy
Evening Standard · Aug 19 No 10 North growth focus not a demotion for Chancellor, says Rayner John Healey fully supports the move, according to the Prime Minister.
The Guardian - UK · Aug 19 Rising inflation underlines scale of Andy Burnham’s cost of living challenge PM’s plan to shield households from more pressure risks being overwhelmed by wider price rises
The Independent UK · Aug 19 ‘Prolier-than-thou!’ Burnham accused of ‘desperate’ attempt to play up working class roots by novelist THE TALK SHOW: Robert Harris tells The Independent’s editor-in-chief Geordie Greig that the Labour prime minister’s ‘desire to be liked’ risks making him look ‘facile and glib’
Evening Standard · Aug 17 Andy Burnham 'tax rises': JP Morgan boss warns higher bank and wealth levies risk driving jobs out of London Jamie Dimon’s warning comes as the capital faces being hit with higher taxes to fund the Prime Minister’s ambitious plans
Benzinga · Aug 17 Jamie Dimon Warns UK Bank Tax Hikes Could Trigger a New York-Style Finance Exodus: Report JPMorgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon warned UK Chancellor John Healey that higher taxes on banks could drive financial jobs out of the country, citing New York as an example of the potential consequences, according to the Financial Times.
The Independent UK · Aug 17 JP Morgan boss warns UK chancellor not to hike taxes on banks Jamie Dimon told the chancellor in a phone call that higher taxes can result in jobs being driven elsewhere, according to reports
Evening Standard · Aug 17 JP Morgan boss warns John Healey against raising bank taxes ahead of Budget Jamie Dimon told the Chancellor in a phone call that higher taxes can result in jobs being driven elsewhere, according to reports.
The Guardian - UK · Aug 17 JP Morgan boss Jamie Dimon warns UK chancellor not to hike taxes on banks Billionaire CEO of world’s biggest bank says any windfall tax on sector’s bumper profits could harm jobs in City
Evening Standard · Aug 16 After a golden summer, Andy Burnham braces for a stormy autumn He’s riding high in the polls but the tough choices looming for our new PM will present a sobering reality check, writes Anne McElvoy
Evening Standard · Aug 14 Aviva boss urges Chancellor to clamp down on pre-budget policy rumours Dame Amanda Blanc wants the Government ‘not to fly kites’ with possible policy changes ahead of the budget on October 28.