Skip to content
Tuesday 21 July 2026London --:--Frankfurt --:--Zurich --:--
NewslettersSearchEN · DE
City PM

European business, markets and politics

FTSE 100
10,585.91
+0.58%
DAX
25,011.35
+0.66%
CAC 40
8,363.14
+0.28%
STOXX 50
6,285.63
+0.94%
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
More
GermanyFranceBankingAIEnergyFintechPropertyCapital Markets
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Economy
  • Technology
  • Politics
  • Opinion
  • DE
Tuesday 21 July 2026 2:19 pm

Brazen Burnham should call an election and put his ten year plan to the voters

By: Christian May

Editor-in-Chief

Add as a preferred source on Google
Andy Burnham speaking to media outside 10 Downing Street with a crowd gathered.
Andy Burnham's big day. Monday July 20, 2026. PA Photo. Gareth Fuller/PA Wire

Plenty of people were staring at their phones outside the Calais terminal of the Eurotunnel on Monday afternoon, but I sensed I was the only one watching Andy Burnham’s Downing Street address. We left for France under one Prime Minister and came back under another. That’s just how it is these days.

My first reaction was, “So that’s what he looks like in a tie,” and my second was, “Why has he dispensed with the podium?” He looked like he was about to cut a ribbon at a new library. In reality, he was pledging to unleash the biggest political and economic transformation for 40 years.

How long had I been away? Had I missed an election? It seemed brazen, to put it mildly, that our new PM could unveil such an ambitious agenda without a single vote having been cast. One of the reasons why Liz Truss failed to impose her own radical agenda was because she lacked legitimacy. I quite liked the sound of her ideas but they should have been debated during a national campaign, not imposed on an unwilling parliament and a baffled electorate. I fear Burnham is about to repeat the same mistake.

He says he has a ten year plan and he’ll tell us all about it later. He’d be better off setting it out and then putting it to the country ahead of a general election. Instead, it seems he’s determined to navigate the “flexibility” of the fiscal rules to ram it down our throats and then run on a “let me finish the job” platform three years from now. Better to seek forgiveness than permission, I suppose.

Spending cuts, tax hikes or more borrowing?

For all his grand plans, the first policy out of the blocks was (drumroll please) £45 off household energy bills. This will cost around £900m and has been funded by diverting money from the (now scrapped) digital ID policy beloved by his predecessor. The only problem is that his predecessor’s right hand man, Darren Jones (also now scrapped) popped up to say they hadn’t funded the policy so there’s no money to reallocate. An hour later, Burnham was telling his new cabinet that he will “always show how we’re going to pay” for policies. Starting from…now.

The bills are already piling up, and the £955.4bn poured into the Treasury by taxpayers in the 12 months to June won’t touch the sides, meaning Burnham and his new chancellor will be looking at spending cuts, tax hikes or an increase in borrowing to make it all add up.

New leader, same Labour.

Read more

Mark Kleinman: Nationwide’s pride should be dented by member election bid

Mark Kleinman is Sky News' City Editor and writes a column for City PM

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Politics
  • Business
  • Economics
  • Opinion

People & Organisations

  • andy burnham
  • Darren Jones
  • energy bills
  • General Election
  • Keir Starmer
  • Labour
  • Labour Party
  • prime minister andy burnham
  • UK economy
  • UK Government

Trending Articles

  • Revealed: KPMG and Deloitte offer bumper redundancy packages to slash headcount

  • Romesh Ranganathan makes it hard to defend the BBC

  • Exclusive: Rugby World Champions Cup set to be mothballed

  • John Healey becomes Chancellor as Andy Burnham names top Cabinet appointments

  • London-listed healthcare services firm hit by cyberattack

More from City PM

  • Mark Kleinman: Nationwide’s pride should be dented by member election bid

    Business
    Mark Kleinman is Sky News' City Editor and writes a column for City PM
  • Senior Labour figures downplay public appetite for general election

    Politics
    Andy Burnham speaking at a press conference, wearing a suit and tie, addressing the media with a focused expression.
  • Billionaire John Caudwell: Britain needs to stop criticising the wealthy and start celebrating success

    Property
    John Caudwell speaking at a business conference podium, surrounded by audience, emphasizing economic growth and innovation
  • Nearly half of retail workers considering quitting over mental health

    Retail
    Whitfield will replace outgoing chair Andy Higginson.
  • ‘That’s reality’: Burnham will have to focus on international affairs, Starmer warns

    Politics
    Business conference attendees networking at a corporate event with banners and presentation screens in the background
  • Starmer resigns as Prime Minister

    Politics
    Business conference attendees networking at a corporate event with banners and presentation screens in the background
  • Nigel Farage asks the crudest question: are you with me or against me?

    Opinion
    Nigel Farage speaking at a podium during a press conference, addressing current political issues and public concerns
  • I’m a digital strategist, here’s why I’m worried about social media

    Opinion
    Tiktok appeals to overturn US ban in a broader battle for tech regulation
CityPM

Independent European business, markets and political news for decision-makers.

Morning Briefing

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Business

  • Markets
  • Banking
  • Technology
  • Energy
  • Property
  • Fintech

Editorial

  • Opinion
  • Editorial Policy
  • Corrections
  • Contact

Company

  • About City PM
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
© 2026 City PM Ltd · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
Privacy · Terms · Cookies · Facebook