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[POLITICS] · United Kingdom · 39 sources

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UK Prime Minister Andy Burnham faces fiscal squeeze as he vows tax hikes and defence spending boost

Andy Burnham, newly appointed Prime Minister of the United Kingdom, has been told by the National Institute of Economic and Social Research (NIESR) that there is "no scope" for additional government borrowing. The think‑tank urges the government to raise taxes or cut spending to fund its cost‑of‑living measures and defence commitments. Burnham’s administration has reaffirmed its pledge to raise defence spending to 3.5 % of GDP by 2035.

The government also announced the removal of VAT from domestic electricity bills starting October 2026 and an extension of the £2 bus‑fare cap throughout 2027. In the search for additional revenue, Burnham is considering a 10 % levy on estates – a “death tax” – which analysts estimate could cost voters in Makerfield around £50,000. He has also signalled a new income‑tax levy of 1.8 % on earnings above £6,240 for workers over age 34 to help fund a proposed National Care Service. Additionally, the government plans to give technical and professional qualifications equal status to academic degrees from September 2028 as part of an education reform aimed at tackling youth unemployment.

Entities

Andy Burnburn · Andy Burnham · Andy Burnlam · Estate Death Tax · Institute for Fiscal Studies · John Healey · National Care Service · National Institute of Economic and Social Research · UK Government · UK Pubs · United Kingdom

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Burnham’s got social care wrong [www.taxresearch.org.uk]
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