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Burnham’s first speech
Andy Burnham became Britain’s new prime minister on Monday, replacing Keir Starmer, and in his first speech outside 10 Downing Street he pledged immediate cost-of-living support and a 10-year plan later this year.
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CGTN said Burnham told the country his government would introduce a 10-year plan later this year and pledged measures including education reform, increased mental health support and additional council housing.
In a separate account, France 24 said Burnham was expected to focus on Britain’s cost-of-living in his first speech at 10 Downing Street on July 20, with Rochelle Ferguson-Bouyahi describing what to expect.
The Telegraph reported that after his Downing Street speech Burnham confirmed he was considering rent freezes as part of a cost-of-living package, while he said he was “looking at measures that could make a difference this year.”
Cabinet shake-up
Hours after Burnham’s speech in Downing Street, Portfolio Adviser said he “swing[s] the axe” on the Cabinet by removing Rachel Reeves as Chancellor of the Exchequer, with Reeves leaving immediately and not taking another Cabinet role.
Portfolio Adviser also said Peter Kyle was sacked as Business Secretary and Justice Secretary David Lammy was shown the door, with further Cabinet exits expected in the coming hours and days.
In a Reuters dateline carried by Global Banking & Finance Review, Burnham said he would never take risks with the economy and re-committed to sticking to the previous government’s fiscal rules.
Global Banking & Finance Review quoted Burnham saying, "So none of this is about taking risks with the economy. I've never done that in any role that I've had."
Cost-of-living policy pressure
As Burnham’s cost-of-living agenda took shape, Air Cargo Week reported that the UK Warehousing Association (UKWA) warned higher business rates for warehouses and distribution centres would increase operating costs and push up prices for consumers.
“In his first speech as prime minister, Andy Burnham has promised to give people more "breathing space" to help with the cost of living”
Air Cargo Week quoted UKWA CEO Clare Bottle criticising proposals to further increase taxes on large warehouses and urging the government to delay any further warehouse-specific tax changes until the impact of the latest reforms can be assessed.
In parallel, CGTN said Burnham’s measures would comply with Britain’s fiscal rules and defense commitments, while he pledged immediate support alongside education reform and mental health support.
Sahara Reporters said Burnham told the country he would set out some measures starting tomorrow, including how initiatives would be financed, and later this year would bring forward a 10-year plan for Britain.
