• BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
FinanceTime
  • August 22nd, 2026

FinanceTimeFinancetime

  • BUSINESS
    • FINANCE
    • LEGAL
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • HEALTHCARE & PHARMACEUTICALS
    • MEDIA & TELECOM
    • AEROSPACE AND DEFENSE
    • ENERGY
  • MARKETS
    • EUROPEAN MARKETS
    • ASIAN MARKETS
    • U.S. MARKETS
    • COMMODITIES
    • EMERGING MARKETS
    • DEALS
    • RATES & BONDS
  • WORLD
    • UNITED STATES
    • EUROPE
    • UNITED KINGDOM
    • ASIA PACIFIC
    • MIDDLE EAST
    • AFRICA
    • CHINA
    • INDIA
    • JAPAN
    • AMERICAS
    • FRANCE
    • GERMANY
  • POLITICS
    • GOVERNMENT
    • UNITED STATES
    • US SUPREME COURT
  • TECH
    • ARTIFICIAL INTELLIGENCE
    • CYBERSECURITY
    • SPACE
    • DISRUPTED
  • COMMENTARY
  • BREAKINGVIEWS
    • BREAKINGVIEWS PREDICTIONS
  • MONEY
    • WEALTH
    • FUNDS
    • ETFS
  • LIFE
    • LIFESTYLE
    • SPORTS
    • SCIENCE
  • SECTORS
    • ENERGY
    • HEALTHCARE
    • MEDIA & TELECOM
    • SUSTAINABILITY
    • ENVIRONMENT
    • RETAIL & CONSUMER
    • AUTOS & TRANSPORTATION
    • AEROSPACE AND DEFENSE
Britain's newly appointed Prime Minister Andy Burnham looks on as he delivers a speech outside 10 Downing Street after taking office, in London, Britain, July 20, 2026. Isabel Infantes
Britain's newly appointed Prime Minister Andy Burnham looks on as he delivers a speech outside 10 Downing Street after taking office, in London, Britain, July 20, 2026. Isabel Infantes
Home
World
United Kingdom

New PM Andy Burnham sets out first steps to reshape Britain

July 21st, 2026 | 05:05 AM WORLD United Kingdom 3

Facebook Twitter Google+ LinkedIn Pinterest

Worth reading...

UK economy hands Burnham surprise boost before first budget
Sterling extends rally on firm rate-hike bets, subdued dollar
UK service sector perks up in August, adding to resilience signs
Spire Healthcare extends Toscafund takeover deadline for fifth time
By Elizabeth Piper

Andy Burnham will set out ​his first measures as Britain's new prime minister on Tuesday in an attempt to deliver on ‌his promises to ease a cost-of-living crisis, improve lives and end a decade of political instability.

After appointing a top ministerial team which he hopes will be more agile than that of his predecessor Keir Starmer, Burnham wants to move quickly to show Britain politics can work ​and improve living standards after years of stagnation.

Alongside meeting his cabinet of ministers, he will also kick off ​a programme he believes can turn Britain around, hoping a bolder agenda can win back ⁠voters to the governing Labour Party and fight a challenge from the populist Reform UK.

"I can do something to ​give people some breathing space now, some help with the cost of living," he said in a speech after becoming Britain's ​seventh prime minister in a decade on Monday.

"And I will set out some of those measures starting tomorrow, including how we pay for them."

There is a lot at stake.

Dubbed the 'King of the North' for his dogged defence of the northwestern English area of Greater Manchester ​when mayor, Burnham is the most popular leader of Britain's main political parties and has overwhelming support in Labour.

But Britain's ​revolving door of leaders over the past decade has underlined how quickly parties can move against leaders who are not seen as ‌delivering for ⁠voters, and Burnham will have to move quickly to stamp his authority on the government.

He wants to hit the ground running.

In his first speech as prime minister, Burnham said his first ambition was to end rough sleeping in Britain, but also that he wanted people to feel the change in government in their pockets quickly.

On Monday, he said he was ​finalising the details of those ​measures, which could include ⁠ways of capping bus fares - something Burnham did in Manchester - or possibly looking at ways to reduce energy costs.

He would not be drawn on details, but told reporters it would ​go some way to backing up his assertion that "I will put the care of people ​at the ⁠heart of everything I do".

"It won't solve everything, it won't take all of the pressure off," he told reporters. "But it just shows the direction of travel and ... about helping them out."

Markets will be listening keenly to how Burnham and his unexpected pick ⁠for finance ​minister, the former defence minister John Healey, plan to finance their plans, ​after borrowing costs rose on Monday, pushing 30-year gilt yields to a two-month high.

Some investors were unsettled by Burnham's remarks that he planned to use "any ​flexibility" within existing fiscal rules.

  • Topic
  • BRITAIN
  • POLITICS/ (PIX, TV)
Facebook Twitter Google+ LinkedIn Pinterest
Previous article UK economy hands Burnham surprise boost before first budget

Related Posts

United Kingdom
August 21st, 2026

UK economy hands Burnham surprise boost before first budget

United Kingdom
August 21st, 2026

Sterling extends rally on firm rate-hike bets, subdued dollar

United Kingdom
August 21st, 2026

UK service sector perks up in August, adding to resilience signs

United Kingdom
August 21st, 2026

Spire Healthcare extends Toscafund takeover deadline for fifth time

United Kingdom
August 21st, 2026

UK posts unexpected budget deficit in July as spending rises

United Kingdom
August 21st, 2026

British retail sales slip in July after World Cup boost

The Wire
Aug 21st 1 day ago
Government

Trump administration moves to end attorney group's law scho...

Aug 21st 1 day ago
Africa

First migrants buried in Spain's Ceuta after deadly border ...

Aug 21st 1 day ago
Americas

Lula, Trump discuss tariffs in phone call, Brazil says

Aug 21st 1 day ago
World

US plans $725 million payment towards its large UN debt

Aug 21st 1 day ago
Middle East

NATO members discuss Strait of Hormuz options without allia...

TRENDING ON FINANCETIME
Aug 21st, 2026 Americas

Mexican governor accused by US of cartel ties returns to office

Aug 21st, 2026 Middle East

Turkey to seek Interpol notice for Netanyahu in Gaza flotilla case

Aug 21st, 2026 Litigation

Explainer: Why is Trump talking about the Keystone XL oil pipeline?

Aug 21st, 2026 Wealth

Guggenheim fund hits 17-year low after short-seller claims

Aug 21st, 2026 Wealth

Ken Griffin's Citadel sheds over $4 billion of Situational Awareness' bets

Markets-Sectors
ENERGY -0.20%
FINANCIALS +0.93%
TECHNOLOGY +0.14%

  • BUSINESS
  • MARKETS
  • WORLD
  • POLITICS
  • TECH
  • COMMENTARY
  • BREAKINGVIEWS
  • MONEY
  • LIFE
  • SECTORS
  • Back to top
FinanceTime
FinanceTime

World Business & Financial News, Breaking US & International News

Additional Services
  • Privacy-Policy
  • Terms and Conditions
© Financetime.org 2026. All rights reserved. Hosted by LeadsDeposit.com
Produced by C-iT