Wed 2 Sep 2026
FTSE 100 10,789.28 -0.60%Microsoft 501.02 +1.89%NVIDIA 217.44 +2.06%Apple 325.13 +4.91%Google 332.03 -3.29%S&P 500 7,631.47 -0.60%Nasdaq 26,099.77 -0.20%Dow 52,766.88 -1.51%Russell 2000 2,920.13 -2.99%US 10Y Treasury 4.80% +2.83%Euro Stoxx 50 6,368.98 -1.57%DAX 25,970.11 -1.13%AEX-Index 1,101.92 -0.53%Nikkei 225 64,359.34 -2.68%Hang Seng 25,237.43 -1.62%Gold $4,370.70 -2.40%Silver $64.58 -3.60%Brent Crude Oil $95.63 +7.08%Natural Gas $2.95 +2.15%Copper $6.55 -0.21%GBP/USD 1.3503 -0.69%GBP/EUR 1.1656 -0.06%GBP/AUD 1.8901 -0.16%Bitcoin (USD) $77,530 -0.91%Ethereum (USD) $2,416 -1.69%FTSE 100 10,789.28 -0.60%Microsoft 501.02 +1.89%NVIDIA 217.44 +2.06%Apple 325.13 +4.91%Google 332.03 -3.29%S&P 500 7,631.47 -0.60%Nasdaq 26,099.77 -0.20%Dow 52,766.88 -1.51%Russell 2000 2,920.13 -2.99%US 10Y Treasury 4.80% +2.83%Euro Stoxx 50 6,368.98 -1.57%DAX 25,970.11 -1.13%AEX-Index 1,101.92 -0.53%Nikkei 225 64,359.34 -2.68%Hang Seng 25,237.43 -1.62%Gold $4,370.70 -2.40%Silver $64.58 -3.60%Brent Crude Oil $95.63 +7.08%Natural Gas $2.95 +2.15%Copper $6.55 -0.21%GBP/USD 1.3503 -0.69%GBP/EUR 1.1656 -0.06%GBP/AUD 1.8901 -0.16%Bitcoin (USD) $77,530 -0.91%Ethereum (USD) $2,416 -1.69%
Markets
Advertisement
Follow News in 60 on Facebook
UK Weather
London 15°C OvercastBirmingham 14°C Patchy rain nearbyManchester 13°C OvercastNewcastle 13°C MistBristol 13°C OvercastPembroke 15°C Light rain showerEdinburgh 11°C OvercastBelfast 13°C MistInverness 10°C OvercastPenzance 18°C Patchy rain nearbyHolyhead 15°C Light rain showerNorwich 13°C Overcast
More Info

Burnham Advocates for Public Control to Boost UK Economy

Advertisement
Follow News in 60 on Facebook

In a significant address to MPs, Prime Minister Andy Burnham will argue that increasing public control over essential services is crucial for economic growth. He believes that the current costs of privatized services are burdening family budgets and stifling economic potential. By advocating for public ownership, Burnham aims to unlock investment and create jobs, positioning this initiative as a cornerstone of his administration.

Burnham’s commitment to public control will be tested as he considers legislation to facilitate the government takeover of struggling utilities, such as Thames Water. This move could reshape the landscape of public services, potentially leading to more reliable and affordable utilities for citizens. His plans include a decade-long project to regain control over energy and water companies, which he argues will directly benefit the economy.

As Burnham prepares for his first Prime Minister’s Questions, he faces scrutiny over how these ambitious policies will be funded, especially with a significant gap in the defence investment plan. Opposition MPs are likely to challenge him on the feasibility of his proposals, including a VAT cut on energy bills and a national care service.

The Prime Minister’s push for public ownership comes amid calls for electoral reform, with nearly 100 MPs urging him to support a commission on the voting system. This could signal a shift in political dynamics, as Burnham seeks to differentiate his leadership from that of his predecessor, Keir Starmer, while addressing pressing economic issues.

Source: The Guardian

Read more Politics news →

Leave a comment

Your email address will not be published. Required fields are marked *