The impact Andy Burnham could have on UK finances if he becomes prime minister

PoliticsBusiness & Finance
19 Jun 2026 • 9:26 PM MYT
The Independent
The Independent

The world’s most free-thinking newspaper

The impact Andy Burnham could have on UK finances if he becomes prime minister

  • Andy Burnham's potential premiership could significantly impact UK finances, with bond markets closely watching his choice of Chancellor and economic policies.
  • He has previously advocated for reforming stamp duty and council tax, suggesting their replacement with a Land Value Tax to improve property accessibility.
  • Burnham has proposed increasing the income tax personal allowance for lower earners and reintroducing a 50p top rate for high earners.
  • He has also suggested abolishing inheritance tax, replacing it with a social care levy on inherited assets.
  • Burnham supports public ownership, having overseen halved bus fares in Greater Manchester funded by council tax, and has indicated nationalisation as an option for water companies.

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