Lucy Fisher

@lucyfisher.ft.com

Whitehall editor at the Financial Times 🗞️ Host of the FT’s award-winning ‘Political Fix’ podcast🎙️Author 📚

EXC: UK govt is “stripping back” onerous public procurement rules in pro-growth shake up of system, Louise Haigh tells FT Overhaul will make job creation/skills development the only ‘social value’ requirement for biz competing for Whitehall contracts worth £90bn annually www.ft.com/content/9878...

UK to strip back procurement rules to focus on job creation, says Louise Haigh

Burnham’s de facto deputy PM says requirements for businesses vying for Whitehall contracts will be streamlined

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John Healey is under mounting pressure to raise taxes or find fresh savings as new spending commitments and Iran war threaten to shrink the new chx’s fiscal buffer to as little as £7bn Headroom has shrunk by more than two-thirds since March, when it was official forecast at £23.6bn

John Healey under pressure to raise taxes or cut UK spending as fiscal headroom shrinks

US-Iran war and new spending commitments threaten to cut buffer to as little as £7bn, economists estimate

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Can ‘Brand Burnham’ survive the move to No 10? The new PM appears determined to break the mould of traditional political leaders - and there is freshness to his image... but could it wear thin over time?

Shares in UK defence groups rise on hopes John Healey will boost military spending New chx backed by investors to find billions extra that he previously said was required to keep country safe Via George Parker, Sylvia Pfeifer, Ian Smith & me 👇 www.ft.com/content/2260...

Shares in UK defence groups rise on hopes John Healey will boost military spending

New chancellor backed by investors to find cash he previously said was required to keep country safe

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BREAKING: No 10 confirms… - Angela Rayner is housing sec - Jonathan Reynolds is business, innovation, science & trade sec - in retooled dept - Lucy Powell MP is education sec - Anneliese Midgley is chief whip - Bridget Phillipson remains in Cabinet as women and equalities minister

John Healey’s elevation to chancellor comes with a hefty price tag: he quit govt last month arguing the UK needed to set out a deadline to reach military expenditure of 3% of GDP At present Britain is only on track to reach 2.7% of GDP by 2030...

Only briefest mention of defence by Burnham, but nonetheless key He said his plan is to ‘bring the welfare bill down to meet our fiscal rules & to honour our commitments on defence to our intl partners’ UK govt’s commitment to Nato is to spend 3.5% of GDP on defence 2035... £25bn extra a year(!)

True to recent form, Burnham plumped for a hopey-changey finale He talked up “a new national sense of unity, of common purpose & positivity”... helping UK “to believe again”... to “bring back hope” Fascinated to see if he can pull off the left-wing version of Boris-esque optimism with the public

Seven minutes is pretty short for a first speech from a prime minister... particularly for an unelected ‘takeover’ PM to introduce themselves to the nation

Burnham aims to place people - and the left-behind in particular - at the heart of his goals for govt Vowed: “I will put the care of people at the heart of everything I do” Promised to end rough sleeping, build council houses, provide cost-of-living assistance, & help to get young people into work

It's official: Starmer has formally resigned The Palace has said: “The Rt. Hon. Sir Keir Starmer MP had an audience of The King this morning and tendered his resignation as Prime Minister and First Lord of the Treasury which His Majesty was graciously pleased to accept.”

Well, there was quite a lot in Burnham’s speech in the end! A promise to be “pro-business”... Dismissal of scepticism about his rushed plans for govt: “I am ready...  I have a plan” Stressed he wasn’t just about Manchester/north but would “definitely” visit the south in his UK-wide summer tour

What to expect from a Shabana Mahmood chancellorship? One UK bank board member says her right-of-centre politics suggest “a Reeves continuity, which is the best we could hope for” But Lucy Powell says Mahmood is in favour of “big change” & a “radical platform” www.ft.com/content/fe73...

Shabana Mahmood: the migration hardliner who refused to serve under Corbyn

Burnham’s expected choice for chancellor is seen as a tough operator but has said little about economic policy

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Shabana Mahmood is a migration hardliner & social conservative, who rejected Corbyn’s hard-left economic agenda in 2015 But on tax, spend & growth policies she’s been tight-lipped in recent years, leaving investors uncertain about what to expect if (as anticipated) she becomes chancellor next week

All in, I thought that was a v edifying spectacle: goodwill across parties for Starmer’s last PMQs & tributes to his service Some might protest it was a bit cosy, but MPs know better than anyone what it takes to be in politics at highest level, & risks, esp after horrifying murder of Ann Widdicombe

The ex-Britpop stalwart at the heart of Burnham’s machine Anneliese Midgley is one of the ‘strong Northern power women’ Burnham credited for his Makerfield win Now advising her third Labour leader, what's her secret to survival? My FT profile w/ @pickardje.bsky.social www.ft.com/content/ef28...

The former Britpop stalwart at the heart of Burnham’s machine

Anneliese Midgley, who previously advised Jeremy Corbyn and Sir Keir Starmer, has been credited as a key influence on the incoming PM

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