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 Economic Times · Sep 1
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 The Guardian - UK · Sep 1
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 Evening Standard · Aug 31
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 The Independent UK · Aug 31
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 Guardian - UK · Aug 31
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 The Independent UK · Aug 31
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. Evening Standard · Aug 31
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 Guardian - UK · Aug 31
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. Evening Standard · Aug 31
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 The Independent UK · Aug 31
Healey ‘considers windfall tax on banks and oil companies in first Budget’ John Healey is looking to avoid increasing taxes on the public - but must find other ways to plug a gap in public finances The Independent UK · Aug 29
Andy Burnham and John Healey must cheer on the wealth creators THE INDEPENDENT VIEW: Editorial: The prime minister should listen to Jim O’Neill, economist and former Treasury minister, and avoid further taxes on business The Independent UK · Aug 29
The Independent UK · Aug 29 The key issues facing Andy Burnham when parliament returns next week The prime minister’s first full term in power could spell the end of his political honeymoon
International Business Times UK · Aug 29 Trump Threatens To Oppose Britain's Falklands Sovereignty if Burnham Fails To Raise Defence Spending The Trump administration is considering using the Falkland Islands as leverage to pressure the UK into increasing defence spending, amid ongoing discussions about Nato commitments and military roles.
The Independent UK · Aug 29 US considers new ultimatum to UK over Falklands Donald Trump’s administration is reportedly looking for ways to incentivise the UK to increase its defence investment
The Guardian - UK · Aug 29 Tax promises, defence targets and Iran: Andy Burnham’s budget headaches As economic circumstances worsen, the PM’s commitments have left him and the chancellor in a tight spot
Evening Standard · Aug 28 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.
The Guardian - UK · 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 26 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
Evening Standard · Aug 25 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.
The Independent UK · 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 24 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 Guardian - 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