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Andy Burnham to set out his economic vision as he speeds toward power in Britain

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Andy Burnham to set out his economic vision as he speeds toward power in Britain
News

News

Andy Burnham to set out his economic vision as he speeds toward power in Britain

2026-06-29 17:00 Last Updated At:17:10

MANCHESTER, England (AP) — Andy Burnham, Britain’s presumptive next prime minister, will set out details on Monday to give more powers to local government as part of a plan to spread wealth and economic growth.

Burnham will set out a sweeping economic vision in a key speech as he tries to bring voters, colleagues and financial markets up to speed with his ideas during his rapid progress toward power.

His office says Burnham will set out a 10-year vision for “good growth in every postcode,” in a country where wealth and power are concentrated in London and the south of England.

During the speech in Manchester, where he served for nine years as mayor, Burnham plans to outline plans to move part of his prime ministerial operation to the northwest England city. He’ll also commit to giving regional mayors more power over housing, welfare and education.

Burnham is aiming to replicate on a nationwide level the approach he took in Greater Manchester — harnessing private and public money to invest in transport, housing and infrastructure.

His speech is set to include a commitment to create new industrial jobs and better educational opportunities, and to reform of the U.K.’s inefficient and expensive privatized water and energy utilities.

Burnham won praise for his role in revitalizing and regenerating Manchester, but he has not served in a U.K. government for almost two decades, and may struggle to replicate “Manchesterism” on a U.K.-wide scale.

He’ll also be aware that Prime Minister Keir Starmer also announced a 10-year mission — the equivalent of two full terms in government —- to transform Britain soon after he was elected in a landslide in July 2024. Starmer is leaving after two years in office marred by missteps and judgment errors that eroded his standing with his party and the public.

Burnham won a special election for a seat in Parliament on June 18 and was sworn in as a lawmaker on June 22 — the same day Starmer announced that he will resign as soon as a successor is chosen.

Burnham is the strong favorite to replace him in a Labour Party leadership contest in the next few weeks. No other contenders have entered the race so far, and if no one does, Burnham will become prime minister by July 20.

While Burnham is considered more charismatic than the stolid Starmer, he will face many of the same political and economic challenges, including a sluggish economy, tattered public services and a cost-of-living squeeze. He will also be constrained by the platform the center-left Labour Party was elected on in 2024, with its pledges not to increase taxes on working people.

And like other NATO countries, the U.K. is under pressure to dramatically increase defense spending to counter a more aggressive Russia and less reliable United States.

The government's long-awaited defense investment plan — which sparked the resignation of Defense Secretary John Healey on June 11 — is expected to be published before a NATO summit in Turkey on July 7 and 8. Starmer’s successor will be expected to stick to the commitments in the plan.

“Andy Burnham’s big idea is to shuffle power between politicians,” said opposition Conservative Party Chairman Kevin Hollinrake. “Not fix the welfare system. Not cut the taxes strangling working families and British business. Not fund the defense our country desperately needs.”

Lawless reported from London.

Andy Burnham running near his house in Cheshire, England, Sunday, June 28, 2026. (Peter Powell/PA via AP)

Andy Burnham running near his house in Cheshire, England, Sunday, June 28, 2026. (Peter Powell/PA via AP)

Andy Burnham running near his house in Cheshire, England, Sunday, June 28, 2026. (Peter Powell/PA via AP)

Andy Burnham running near his house in Cheshire, England, Sunday, June 28, 2026. (Peter Powell/PA via AP)

DUBAI, United Arab Emirates (AP) — Iran's president said Monday that $6 billion in frozen Iranian assets would be released by Qatar as negotiations with the United States were challenged by attacks across the Persian Gulf this weekend.

Masoud Pezeshkian 's mention of the funds appear aimed at selling the Iranian public on the interim deal, particularly as its grip on the Strait of Hormuz has been challenged by efforts to open Oman's territorial waters to both inbound and outbound traffic from the Persian Gulf. Iran's attacks and threats stopped cargo ships and tankers from moving though the strait, in which about a fifth of all traded oil and natural gas passed in peacetime, creating a global energy crisis.

The strait has long been considered an international waterway despite its location in Iran and Oman’s territorial waters. In recent days, Iran has twice attacked vessels going through a route near the Omani side, drawing retaliatory American airstrikes and concerns that negotiations to reach a formal end to the war could be disrupted. Iran launched drone and missile attacks targeting Bahrain and Kuwait on Sunday.

Pakistan, a key mediator, has said talks would resume Tuesday between the U.S. and Iran on the terms of their interim deal. The Trump administration on Sunday said nothing has been canceled and technical talks are on track for the coming days. Iran has yet to say whether it will take part.

Pezeshkian offered praise for the interim deal in comments published Monday by the state-run IRNA news agency, calling it “a great victory for the Iranian people.”

“Based on the plans made, $6 billion out of the total $12 billion of Iranian resources in Qatar will be released and returned to the country, and necessary follow-ups are being carried out,” he said. He did not elaborate.

Pezeshkian, a reformist within Iran's theocracy, is the highest-ranking official within Iran to reference the release of the funds held by Qatar, a key mediator along with Pakistan in the negotiations. So far, U.S. officials say no frozen Iranian assets have been released. Qatar as well as has not acknowledged any such transfer and Iran attacked a tanker filled with Qatari crude oil this weekend during the crossfire in the Persian Gulf.

Associated Press writer Nasser Karimi in Tehran, Iran, contributed to this report.

A woman walks past a welcoming billboard featuring Iranian President Masoud Pezeshkian along a roadside in Islamabad, Pakistan, Tuesday, June 23, 2026. (AP Photo/Anjum Naveed)

A woman walks past a welcoming billboard featuring Iranian President Masoud Pezeshkian along a roadside in Islamabad, Pakistan, Tuesday, June 23, 2026. (AP Photo/Anjum Naveed)

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