The MUFG Global Markets Podcast
Jul 24, 2026 · 10 min · 10 segments
Elizabeth Wren, European Political Analyst, sits down to speak with Henry Cook, Senior Economist, to talk about recent developments in the UK economy. They discuss new PM Andy Burnham’s policy…
Henry CookGuest
Elizabeth WrenHost
So Andy Burnham became the new prime minister on Monday and he's had a busy start.
He's already announced some policy changes with the introduction of VAT cut on domestic electricity consumption and there's a cap on bus fares in England as part of his efforts to address cost of living pressures.
I think the public have been somewhat receptive to change in leadership and Burnham is going to hope to kind of at least maintain that sort of momentum.
I think from my perspective, it's worth flagging that there's been plenty of positive news on the kind of UK macroeconomic data from this week.
And this morning, the latest retail sales numbers, they were pretty good on top of that.
So you'd say that the UK economy is in a relatively resilient position right now?
So Andy Burnham became the new prime minister on Monday and he's had a busy start.
He's already announced some policy changes with the introduction of VAT cut on domestic electricity consumption and there's a cap on bus fares in England as part of his efforts to address cost of living pressures.
I think the public have been somewhat receptive to change in leadership and Burnham is going to hope to kind of at least maintain that sort of momentum.
I think from my perspective, it's worth flagging that there's been plenty of positive news on the kind of UK macroeconomic data from this week.
And this morning, the latest retail sales numbers, they were pretty good on top of that.
So you'd say that the UK economy is in a relatively resilient position right now?
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