Thames Water creditors offer government ‘golden share’ to fend off nationalisation Water The group of creditors vying to take control of Thames Water has said it is willing to grant the government a “golden share” in the company and offer local governments oversight of its operations as it looks to fend off nationalisation by Andy Burnham. In a statement today, London & Valley Water (L&VW), a group [...]
Burnham promises to ‘build new economy’ Politics Andy Burnham has said he will “build a new economy” during his tenure as Prime Minister, promising a raft of measures to help households with the cost of living will be announced as soon as tomorrow. Speaking on the steps of Downing Street, the new Labour leader said his government would put “life’s essentials back [...]
Burnham risks £4bn bill in Thames Water special administration Politics Andy Burnham’s plans to push Thames Water into special administration could leave the taxpayer to foot a £4bn bill. The incoming Prime Minister is facing a crunch decision over how to deal with the struggling utility and is expected to use a special administration regime (SAR) to keep it running until a buyer is found. [...]
Reeves: Burnham will face ‘shocks and challenges’ as Prime Minister July 12, 2026 Rachel Reeves has warned Andy Burnham that he will face “shocks and challenges” as he takes the reins as Prime Minister and will need a “worked through plan” to govern. The Chancellor said that the incoming Prime Minister “needs to stay laser-focused on those things that have always motivated him” as he enters Downing Street [...]
Speed or stability? Bond markets strap in for Andy Burnham coronation June 22, 2026 City bond traders are strapping in for a “jumpy” ride as Andy Burnham looks set to cruise into Downing Street uncontested – even if a coronation helps head off the worst volatility, analysts have said. The former Manchester Mayor’s bid for the top job won a major boost today as former health secretary Wes Streeting [...]
Starmer resigns as Prime Minister June 22, 2026 Sir Keir Starmer has resigned as Prime Minister less than two years after winning a landslide victory at the 2024 general election. Starmer had faced mounting pressure in recent days after challenger Andy Burnham swept to victory in the Makerfield by-election. In a speech outside Downing Street, the Prime Minister said his position had become [...]
‘No authority’: Starmer under pressure to quit after Burnham wins in Makerfield June 20, 2026 Sir Keir Starmer is facing fresh calls to quit from his own cabinet and a Labour peer after Andy Burnham’s triumph at the Makerfield by-election. Lord Falconer, a former justice secretary under Tony Blair, became the latest Labour figure to call for the Prime Minister to step down, saying he has “absolutely no authority”. Burnham’s [...]
Starmer: Britain must ‘not stick its head in the sand’ on AI June 8, 2026 Sir Keir Starmer has said Britain must not “stick its head in the sand” on artificial intelligence, with the technology set to fundamentally reshape the UK economy. The Prime Minister used his speech at London Tech Week to unveil a major sovereign computing push, new AI skills programmes and a vision for keeping Britain’s fastest-growing [...]
‘Economically reckless’ – Streeting calls for wealth tax ‘that works’ in pitch for leadership May 21, 2026 Wes Streeting has called for a “wealth tax that works” as the former health secretary sets out his stall ahead of an expected Labour leadership contest later this year. Streeting resigned from the cabinet earlier this month and has confirmed that he would stand in a contest to oust Sir Keir Starmer, though he has [...]
‘Bond market meltdown’: UK borrowing costs highest since 1998 as Starmer fights for survival May 12, 2026 Warnings of a “bond market meltdown” flashed through the City on Tuesday after government borrowing costs soared as pressure mounted on Sir Keir Starmer’s future in Downing Street. For weeks, City investors have been on high alert as fears mounted that a mass rebellion would be triggered after devastating local election results. Traders fear the [...]