UK's Burnham to unveil plan to shift power from London
The former Greater Manchester mayor and the Labour lawmaker, Andy Burnham, will outline his vision for the United Kingdom (UK) on Monday, the Guardian reported.
Last Monday, Keir Starmer faced political pressure and announced he would step down as leader of the ruling Labour Party. The schedule to pick a successor could see Burnham installed as Prime Minister as soon as July 17, if no other challenger emerges.
Burnham will set out on Monday how he’d “lift Britain back up” by devolving UK power from London to regions. His key pledges include "good growth in every postcode", creation of a "No. 10 North," and reform of public procurement to maximize support for British jobs and industry.
Market reaction
At press time, the GBP/USD pair trades 0.01% higher at around 1.3198.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
S&P 500 rebounds to just 2.6% below record high, Bitcoin lags 40% under peak
Oil Giant Returns to Venezuela! ExxonMobil (XOM.US) Reportedly Obtains Rights to Assess 7 Regions, One-Year Exclusive Negotiation Window Opens
According to informed sources, ExxonMobil has reached a preliminary agreement with the Venezuelan government and the national oil company PDVSA. The US oil giant is allowed to assess the development potential of seven blocks, which cover undeveloped oil fields, mature oil fields, and one exploration block.
Qualcomm (QCOM.US) Targets $15 Billion in Data Center Revenue, Bernstein Issues Bearish Report: Riding the AI Wave May Not Reverse Profitability
After discussions with Qualcomm management, Bernstein acknowledged Qualcomm's progress in business diversification—especially recognizing its ambitious entry into data center CPUs and AI inference chips. However, the institution maintained a "market perform" cautious rating and a target price of $155, indicating that, in Bernstein's view, Qualcomm has a potential downside of up to 12%.
Crypto prices
More
