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‘Walking a tightrope’: Burnham’s borrowing plans clash with fiscal realities
The man tipped for No 10 could also come under immediate pressure if his chancellor is deemed by bond markets to be too left-wingAndy Burnham would enter Downing Street already “boxed in” by financial markets if he signals a rise in borrowing to pay for a more expansive policy ag
Heatwave pushes Great Britain’s grid operator to call for extra electricity from power pla
Heatwave pushes Great Britain’s grid operator to call for extra electricity from power pla
Neso issues rare summer warning for Wednesday evening, as households turn on fans and air conditioningGreat Britain’s grid operator has released a rare summer power supply warning for Wednesday evening as the heatwave is expected to get more intense, putting pressure on the energ
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‘Act on the evidence outside the window’: Andy Burnham urged to stick to net zero targets
Burnham is coming under pressure from some to ditch net zero targets but this could be highly damaging on many levelsUK politics live – latest updatesBritain’s net zero economy is booming. The sector is worth £100bn a year to the UK, has outpaced other sectors, and supports highe
Ministers urged to curb energy costs as Great British homes face 13% bill surge
Quarterly Ofgem price cap rises to equivalent of £1,862 a year from 1 July amid growing consumer energy debtMinisters are facing growing pressure to lower energy costs as households in Great Britain face the steepest rise in summer bills in four years this week.The quarterly cap
Hospitality VAT cut: can it help the sector and at what cost to UK taxpayer?
Drop to 10% for pubs and eateries would be in line with most of Europe, but critics say it favours multinationalsBusiness live – latest updatesNearly a quarter of hospitality businesses are losing money, new data has shown, reigniting calls among chefs, pub owners and restaurateu
The truth about the next prime minister and the bond markets | Letter
Google search activity shows Andy Burnham has not put any upward pressure on borrowing costs, says Prof Costas Milas “Believe Westminster, and the bond vigilantes are the ever-present, always hovering threat to political stability,” writes Aditya Chakrabortty (It’s not the bond m
US cooking oil market shrinking due to Ice pressures on Latino households, Mazola owner sa
Economic squeeze and anti-immigration raids have hit Hispanic communities, prompting people to shop online and reuse oilBusiness live – latest updatesThe US cooking oil market is shrinking and unlikely to improve soon because of economic and immigration enforcement pressures on L
Bankers and unions set for clash over possible Burnham tax raid on UK banks
City bosses say move would be economically disastrous, but union leaders urge likely new PM to ignore ‘vested interests’Battle lines are being drawn between City bosses and trade unions over a possible tax raid on UK banks to help fund Andy Burnham’s package for struggling househ
Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?
Given pressures on the public purse, the Makerfield MP may have to look at autumn tax rises to fund his ‘new direction’An economy rattled by a global energy shock, jittery bond markets and rising spending demands. As Andy Burnham prepares for government, the pressures on the publ
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UK service sector shrinks amid Iran war disruption and heatwave – business live
Rolling coverage of the latest economic and financial newsToday’s UK Service PMI report (which polls purchasing managers from across the sector) found there was a “sustained reduction in backlogs of work across the service economy”.This was due to weak demand, S&P Global reports,
How BT’s ‘no nonsense’ first female chief helped turn company around
The firm’s share price has risen 80% under Allison Kirkby’s leadership – but pressure remains for her to deliver further growthBusiness live – latest updatesIf timing is everything, then Allison Kirkby may have judged it perfectly.Since becoming BT’s first female chief executive
EV charger rollout in UK slows amid political uncertainty and rise in installation costs
Growth in charge points falls markedly despite surge in number of rapid-charging unitsBusiness live – latest updatesThe UK’s rollout of electric vehicle chargers has slowed amid challenging cost pressures and uncertainty over government sales targets.Charger companies installed 5