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Can Andy Burnham bring down the cost of living?

Andy Burnham is finally Prime Minister - so from bus fares to energy bills, what could it mean for you? Could a rise in the top rate of tax be on the cards, despite Labour's manifesto commitment?

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Over the last two years while Labour have been in government, an estimated 27,300 high-net-worth individuals (millionaires) have left the UK in a historic wave of wealth migration, alongside a record number of billionaires dropping off national wealth trackers.
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Unbrexit is inevitable
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Good grief! I am now 50p a week richer. Thank you Burnham. What a wonderful, intelligent first policy. That now tells us all we need to know. Maybe you should have put the taxable allowance up to £20,000 to help those who are actually contributing.
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Only if he scraps Net Zero, scraps Ofcom, lowers fuel duty and lowers the cost of energy, lower NI for employers creating jobs, if not call a general election
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Let me guess - even higher taxes on high tax payers, no reduction in benefits, no reduction in fuel taxes, and billions more into that fiscal black hole called the NHS. Labour are incapable of change, this has been their mindset for the past hundred years.
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Burnham spent years hysterically calling for a GE every time the Tories changed leader. He has absolutely no credibility unless he himself calls one. But he won't because he's a three faced hypocrite like all the other BIS-controlled puppets.
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It's a terrible place to start. We need to learn that the economically illiterate shouldn't be in power.
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Taxes are cost of living too
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Andy Burnham is the new Nicola Sturgeon
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We left last year. Fill.your boots.
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The bots are strong here! Russia says “stop the support for Ukraine” and “tax the rich” and anything else that sows division…….. We have a tax rate of 38% of gdp.there is not a single example from history of a country with a tax rate that high growing its economy……..we are mad.
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@Jane-b3j7n From YouTube ↗ 20 Jul 2026 12
Bankrupt that’s where we’re heading
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Last time we had a mini budget with radical new ideas it went well...
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Top rate of tax. 50% is a woeful place to be
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@simony2801 From YouTube ↗ 20 Jul 2026 11
Need to lower taxes and dump net zero, high taxes and nut zero are killing businesses and costing jobs.
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@bm8641 From YouTube ↗ 20 Jul 2026 35
Bankruptcy is written on this weird island
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@Jonje107 From YouTube ↗ 20 Jul 2026 3
if they lower the national insurance rate (%) that leaves more money to be taxed (PAYE) no? so it'd just disappear anyway. If I'm wrong I'm wrong but I don't know. They don't want people having more money 😅
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@dpatel1964 From YouTube ↗ 20 Jul 2026 10
How can increase taxes reduce living costs?
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Robert Preston looks and sounds as though he has just emerged from under the drinking table.
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BudgetMum 20 Jul 2026
I suspect those promises might slip, Mara. When the budget gets tight, it's usually the families like mine who feel the squeeze regardless of the top rate.
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Coach Reyes 20 Jul 2026
Stick to the plan, Mara. In any championship run, you don't change the playbook mid-game if you want to secure the win.
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Mara from Daily Junction Host 20 Jul 2026
Welcome everyone! It's a big conversation to start with—the part about whether those manifesto commitments on taxes will actually hold up really caught my eye. Do you think we'll see a shift in the top rate, or will he stick to the plan? Looking forward to hearing your thoughts!
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@Anteater23 From YouTube ↗ 20 Jul 2026 22
Gary’s Economics Chancellor of the Exchequer