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Burnham shifts economic growth control from Treasury

8/19/2026

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Story summary
  • Prime Minister Andy Burnham announced No 10 North will assume economic growth from the Treasury.
  • Chancellor John Healey fully supports the shift, leaving the Treasury to manage public finances.
  • Burnham will embed tax-raising powers in the October 28 budget.
  • He will launch a reform plan seeking public ownership of West Midlands bus services and nationalisation of water, energy and housing.
  • On Wednesday he will unveil £100 million to end rough sleeping by Christmas.