Episode Details

Britain’s new leader Andy Burnham is tackling the age-old economic puzzle: how to jumpstart growth, boost profits, and fund vital services without raising taxes—something every PM since 2008 has struggled with. His first day in office revealed the tension between voters drowning in high living costs and investors fretting over record-high national debt. To steady the ship, he’s tapped John Healey, a finance veteran, as treasury chief. In a move to ease household pressure, Burnham announced a six-month cut in home electricity tax, saving families £45 a year. But Healey faces a Herculean task: balancing bill relief with a strained budget, while also pushing to reindustrialize, build public housing, and support SMEs—all without breaking the bank or compromising commitments like the state pension. Growth has been sluggish since 2009, barely 1.5% annually, far below pre-2008 levels.

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