Burnham Pledges

• Bond market volatility has begun to stabilize following a drop in oil prices and pledges of "fiscal responsibility" from Burnham. • Analysts warn that bond yields may remain elevated despite economic slowdowns, as central banks could delay rate cuts while bond supply increases. • The current energy shock is creating a divide in the stock market, benefiting energy producers and oil-services firms that maintain disciplined spending and debt.

PM promises to mount ‘Covid-style campaign’ to get homeless people off streets in winter Hello and welcome to the UK politics live blog.Andy Burnham has pledged to work to “get everyone in for Christmas” as he continues to build on his policy to end rough sleeping.We see people bedded down in doorways and sat outside stations, carrying their lives in rucksacks and sleeping bags on their backs. And I think most people have the same reaction: this isn’t right.It shouldn’t be happening here. But we’ve lived with it for so long that something that used to shock us now feels like part of the scenery.We did it in the pandemic. We got people out of the cold because, as a country, we decided it had to be done. We can do it again.That’s why the first thing I announced when I became prime minister was a commitment to end rough sleeping. Not to manage it, not to reduce it – but to end it. And today, we’re taking the first step in getting it done.Burnham confirmed a new partnership between the government and the West Midlands Combined Authority (WMCA) to take local control of bus services in the region. Burnham said the “absolutely massive” move would protect thousands of jobs, which were threatened after the parent company behind local operator National Express indicated it was leaving the market.Burnham said “nothing of consequence” was exchanged when he was text messaging somebody impersonating Donald Trump’s chief of staff Susie Wiles. “All politicians are receiving these pressures and these challenges, but I did everything right. There was a minimal exchange of information of zero consequence, and it was quickly reported,” he told reporters.Burnham said he will present findings on a review of the early release scheme in England and Wales when parliament returns in two weeks’ time. Justice secretary Alex Norris is drawing up plans to “maximise public safety and minimise the early release of prisoners”, the prime minister said.The green energy entrepreneur and Labour donor Dale Vince has urged the prime minister to allow more drilling for oil and gas in the North Sea, in a reversal of his previous position. Vince, who has given more than £5m to Labour over several years, said he had told Andy Burnham that the Rosebank and Jackdaw projects should be approved as long as the oil and gas produced were subject to price controls to make them cheaper than energy imported from overseas. Continue reading...

Additional £340m over three years allocated to get people off the streets ‘at the earliest opportunity’UK politics live – latest updatesAndy Burnham has promised to end rough sleeping in England in his first pledge as prime minister, allocating an additional £340m over three years as he seeks to replicate the homelessness schemes he rolled out in Greater Manchester.Speaking in front of Downing Street immediately after becoming prime minister, Burnham said he would try to get people off the streets “at the earliest opportunity”. Continue reading...

• Andy Burnham has announced his intention to succeed Keir Starmer as prime minister, marking his first major public address since confirming his bid for the UK premiership. • In his upcoming speech, Burnham will pledge the most significant devolution of power in modern English history to shift authority from central government to local regions. • This move signals a strategic shift in Labour leadership, focusing on regional empowerment to challenge the current centralized governance model.

Greater Manchester mayor’s proposals amount to a notable criticism of Keir Starmer’s policy in the areaUK politics live – latest updatesAndy Burnham has proposed a 20% cut to business rates for pubs with many smaller, family-run enterprises taken out of paying the levy altogether, in his first major policy initiative during the Makerfield byelection.Burnham’s plans amount to a notable criticism of Keir Starmer’s policy in the area, with the Greater Manchester mayor saying: “Labour have got it wrong on small businesses.” Continue reading...