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Andy Burnham Named PM as Starmer Resigns, Inflation Forecast 3.5%

7/6/2026

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Summary

Story summary

Andy Burnham will become UK prime minister after Keir Starmer resigned on 22 June, with nominations opening on 9 July.
Capital Economics projects inflation falling to 3.5% and GDP growth reaching 1%.
Burnham pledges to keep Labour’s fiscal rules and avoid work-tax hikes, despite advisers warning against a cost-of-living push.
Rachel Reeves’s fiscal headroom fell by about £4.6 bn because of the Iran-related war.

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Story summary

Andy Burnham will become UK prime minister after Keir Starmer resigned on 22 June, with nominations opening on 9 July.
Capital Economics projects inflation falling to 3.5% and GDP growth reaching 1%.
Burnham pledges to keep Labour’s fiscal rules and avoid work-tax hikes, despite advisers warning against a cost-of-living push.
Rachel Reeves’s fiscal headroom fell by about £4.6 bn because of the Iran-related war.