9 articles tagged
Kemi Badenoch dismissed Tony Blair’s calls for Labour to pivot, calling the former PM’s influence over the party ‘irrelevant.’ The government is doubling down on its agenda despite internal and external pressure.
Prime Minister Keir Starmer has pushed back against Tony Blair’s criticism of Labour’s policy agenda, defending the government’s choices as pragmatic responses to inherited challenges. The clash underscores deep tensions within the party over its economic and social strategy.
Greater Manchester Mayor Andy Burnham accuses Tony Blair of dismissing working-class struggles and warns the former PM’s economic policies deepened regional divides. The clash exposes a widening rift in Labour’s leadership over inequality and devolution.
Amazon’s UK managing director has dismissed claims that young workers are to blame for rising unemployment. Instead, he points to structural flaws in the job market and calls for systemic change. The comments come as new data shows youth joblessness at a five-year high.
Wes Streeting has thrown his weight behind a targeted wealth tax as a centrepiece of his Labour leadership campaign, arguing it will fund public services without deterring investment. The proposal comes amid growing calls within the party to address wealth inequality while maintaining economic growth.
Bank of England Governor Andrew Bailey has condemned the government’s proposal to cap food prices, calling it unsustainable and a distortion of the economy. The backlash from retailers forced Chancellor Rachel Reeves to abandon the plan just days after it was floated.
Greater Manchester Mayor Andy Burnham has pledged adherence to government borrowing caps, aiming to reassure investors and curb rising borrowing costs. The move comes as UK regional leaders face mounting pressure to demonstrate financial prudence despite economic headwinds.
Ten-year gilt yields hit 4.87% amid political uncertainty, sterling drops below $1.25. Andy Burnham's by-election bid fuels market jitters.
The Bank of England is set to maintain interest rates at 5.25% next week as geopolitical tensions from the Iran conflict drive economic uncertainty. Analysts warn of prolonged inflation risks tied to disrupted oil supplies and supply chain shocks.