Andy Burnham Rules Out Snap Election Amid Budget Pressure
Prime Minister Andy Burnham ruled out a snap election and pledged to lower business costs ahead of the October 28 Budget.
Prime Minister Andy Burnham ruled out calling a snap general election during a visit to Ukraine on Monday, despite improved polling for the Labour Party. While he pledged to honor the 2024 manifesto commitment not to increase VAT, income tax, or National Insurance, he declined to rule out other tax increases in the October 28 Budget to fund defense, social care, and housing.
In a subsequent interview with the Financial Times, Burnham sought to calm investor fears by pledging to reduce the cost of business and take pressure off the private sector. He described the current fiscal position as challenging but stated that any measures would be carefully thought through and funded. He also clarified that his focus on public control of energy and water utilities is intended to ensure basic functions rather than full nationalization.
Shadow Chancellor Sir Mel Stride criticized the Prime Minister, claiming Burnham lacks a credible plan to finance his commitments and is facing inevitable tax rises. Looking toward international growth, Burnham indicated a trade summit with the European Union is expected in November to discuss reducing trade barriers, though he maintained that re-joining the single market or customs union remains a red line.