Future Outlook Under Andy Burnham

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With Wonder, you can combine twenty restaurants in one delivery. so no one has to settle. Use code mealtime for fifty percent off your first Wonder order terms applies see wonder. com slash new customer If you had All these things up the loss of control of the Labour Party as a result and the way power seeped to the backbenches, to the parliamentary Labour Party, controlled by the soft leftft, we end up with Ker Stahmer appearing outside Downing Street today to announce his resignation, become a common site in British politics these days This is the Andrew Neew Report with me Andrew Neil. and it's another Andrew Neil report special This time on the resignation of a British Prime Minister Ko Starmer He has, of course, resigned first as leader of the Lemb partarty allowing Labour to choose a new leader And the choice of that new leader will determine who the next Prime Minister is It's not a great mystery I think I can let you in on a retty badly kept secret. It will be Andy Burnham Indeed We're not even sure if there'll be a contest. It looks as if Andy Bernam will become The next Prime Minister of the United Kingdom, the next leader of the Labour Party without a contest. And if that is the case that he could take over from Koarmer around the middle of this month Kostmer this morning, when he announced his resignation implied that he'd probably still be in power through it's a transition period to early September when Andy Berham would take over, but it looks like he's going to take over sooner than that if there isn't a contest Of course Andy Burnham will be our seventh Prime Minister In ten years, it's given us Italian style political instability. Indeed, that's rather rude to the Italians because Their Prime Minister, Georgio Maloney has been in power for four years. This by this October No British Prime Minister in recent years has been in power Oh for that long. Boris Johnson managed just over three. so did Thesa May This trus, of course only managed forty nine days. Rishi Sunak under two years, Kiaab now pretty much dead on two years. Indeed find a British Prime Minister who hass been in power for as long as U Miss Moloni, in Italy, you have to go back David Cameron We resigned as Prime Minister to the Brexit referendum in twenty sixteen. So We're quite an unstable politically unstable country at the moment, and I'm not sure that's going to get any better One of the I think unprecedented things about Kosabo's imminent departure is that It shows now it confirms that even a huge majority doesn't necessarily Protect you. And this of course comes off the back of Boris Johnson's example too. Boris Johnson, youll remember He became he won a landslide election Almost a landslide anyway, not quite a landslide, but almost a landslide In december twenty nineteen on the mantra Brexit done. He had a majority of about eighty and yet under Three years later that majority couldn't protect them He was God And now we have Kistamo, who on july the fourth? twenty twenty four was elected by a proper landslide. One of the biggest landslides in the history of British electoral politics And here we are Two years later and he's going. almost gone as well So these are big things. Prime mininisters normally ask die because they don't have much of a majority, orr they've lost elections. and not that they not because they are impregarable or they thought in the comments went wrong with Kiuskarma Why did he blow it Barely two years even though He had this massive majority And what lessons therefore are there for Andy Burnham Be there are some common traits here that he'll have to overcome if he's not to go down the same route. as Kiyos Stama And I think looking back now, that one of the things that's clear, indeed which there's almost a consensus on Now is one of Kyosama's biggest weaknesses is that he came to power. There's no real plan Norial. print No proper preparation As my mother said, do your homework and you'll be fine. Kastama had not done his homework. Now he had An analysis so did those around him and his party of seated problems that Britain faced And u A lot of that analysis was right But what he didn't have to back up that analysis was a program prorogram of radical reform that match the scale of the analysis that what he was suggesting was a number of largely modest and moderate and incremental changes which in no way matched what needed. be done And as a result of that and because he didn't, O a clear vision of where he wanted to take the country. He didn't have a strategy. rememember we had milestones and and strategies as well and delivery and so on It was all processed and taght somethingomething Kst was rather good at But it wasn't a strategic vision into which radical reform and policy would be put. in order to roll out and deal With the deep seated problems he'd inherited from the Tories and had rightly identified as a consequence of lacking this this roadmap this road map to reform He was in effect buffeted from pillar to post by events So I think it was the lack of a clear strategy. He got elected As many have commented, mainly because people wanted rid of the Tories. they wanted rid of them big time And he got elected on a massive majority, but it was clear that the majority was a mile wide I know deeper than the village pond And that quickly became became obvious when he ran into trouble And the other thing that made it worse for him was Not just the lack of a blueprint, the lack of a clear T Jake Vision It was also he didn't have a view for politics He wasn't good at politics. He wasn't really politician he was basically a human rights lawyer who had turned to politics as the next stage in his career But he had no feel for politics, he had no feel for a reaching out to people to being able to understand what people were saying enjoy their company. He would struggle in company just like Theresa May did. She was pretty useless for people who didn't even people I don't have the time, which is a strange should have if you're in politics And in many ways, Kir, Stahmart was the same. He struggled to connect And he struggled to connect not just with the British peopleeople as a whole But he struggled to connect with his own party So when things started to come unstuck because we did quite quickly. He didn't have a base in the Labour Party. He didn't have tribal roots in the Labour Party on which to call, in which to backackham to get them through the tough times And so he was carried along by things they should never have been carried along with. No Labour Prime Minister with a strong political feel would have allowed the street cancellation of the winter fueler loadans pensioners, something which was a blunt instrument which really meant that the winter fuel allowance was only for the poorest pensioners No one who had a feel for politics particularly labour politics would have even thought of that And yet he did, and of course he had to row it back And when he was trying to get welfare reforms through a welfare reform that he had not explained in opposition had not not not thought through hadn't even constructed a proper welfare reform scenarios For when he was in power, it was basically a money saving exercise Again, when the Labour Party turned on that, the soft leftft didn't like it He had no base, he had no favor bank Heolo. No tribal support. to get over of this and in the end, He had to d in. The labor back benches smelled blood They thought, hey, he's a pretty easy push overver. We'll now call the shots and you could see power adding away from her And I think that was The second reason No blueprint, no proper strategy for implementation, no vision And secondly no great fuel for politics, which when the chips were down let him down badly Howard Wilson or Labour Primac and Wonderfulield for politics. Tony Blaird had a great fel for politics as well. But Kiosama Not at all Before I switched to Wealthfront, my API was probably zero point one. Once I switched to chitching. With the Wealthfront cash account, earn up to four point two percent API on your cash. I can trust Wealthfront is taking care of me. Make your money earn more. G started at wealthfront. com. cllients paid one thousand dollars for their testonials creating a conflict of interest. How comeare. point percent, APy as of january thirtieth, twenty six is representative variable and earned funds swept to program bank. point fivecent newient boost for three months and up to one hundred fifty thousand dollars. Direct depit one thousand dollars ath fund an inv account for a point fivecent increase Cash account offered by Wealthfront broerage LLC member forer IC not a Here's a tip for you. There's a podcast out there with fans waiting to be your next customer tune in every week, they trust the host, and that host wants to talk about brands like yours in their own words to their audience. The problem is, you just haven't been introduced yet. We're A cast where that introduction happens as the world's largest podcast marketplace. We let you brow shows, seeee who's listening post rered sponsorships or run your own ads all from one platform. Transparent pricing, real time data, complete control. Start advertising on podcasts by visiting acast. com slash advertise The third reason, in some ways, I would say, perhaps even the most important reason, I'd sum up in two words Rachel Reeves H Chancellor Rachel Reeves turned out to be a pretty disastrous chancellor beat herself up in opposition. When she was a shadow Chancellor, she really fancied herself being Chancellor she someomewhat embellished her CV, her resume in order to make out she was more equipped for the job. than she was indeed, when she got into Downing Street, eleven Downing Street That is am the treasury Chanceces of the E exchequer which is of course the British finance Minister It turned out she was out of her debt And in many ways, her two Disastrous budgets But the beginning of the end of Kistama Be let's not forget Starmer was elected on a platform of growth Growth was the priority growth would take priority above all else. The government would stand or foall on its ability to get the British economy Goin on a fair pelt At a fair pace And yet with her two budgets, particularly the first one with huge increases in tax. and in borrowing, which therefore kept interest rates up Roth were squeezed These were not pro growth budgets at all They ended up being anti growth budgets because of the extra costs they lumbered business with. So that business found it more expensive to do business. They found it more expensive to hire people. so they started to fire people or not hire new people. And in particular, in like the hospitality business It was the younger people that began to suffer and to take the toll so that we ended up as we have today with you youth unemployment in the UK, which traditionally has always been a lot lower than unemployment in the major European economies our youth unemployment is now the highest of the major European economies. And then you compounded that with the second budget in which she did more of the same partarticularly more in tax and more on boring And I was just looking out the figures and Bear with me just while I go through this. If you take The Office of budget responsibility, offers for budget responsibility, which is the official Forecaster If you look at its march twenty twenty four forecast for taxation and borrowing In other words, it last forecast before Labor came into power in the summer or twenty twenty four And then look at its latest forecast earlier this year, which took into account H Rachel Reeves two budgets You do that and you find out that over the Lifetime of this parliament Taxes increased by three hundred and forty Billion pounds See that again threeree hundred and forty billion pounds Borrowing. was increased by two hundred and sixty billion pounds So you add the two together. And the cumulative consequences of Rachel Reeves's two budgets was an extra six hundred billion pounds over the Parliament in more tax and more Boring It was a huge hit. for the economy It was a huge hit For taxpayers because they were paying higher income taxes. they got sucked in to the higher tax brackets because she didn't return inflation indexing, which story is it originally got rad off, she kepped it because she needed the money And of course it increased the cost of doing business in the country. adddd to that huge increase in the minimum wage, other big wage rises as well. and of course the extra costs of Angel Lna's labour market reforms add all that in and it became a lot more expensive to hire people So lo be old, business is stopped doing it So you add all it and it was really a double quamy. that help the British economy People were being taxed more were being taxed more. Buses were being taxed more and borrowing rose so interest rates stayed high. Now of course, the government talks about Bank of England. Cutting interest rates, and that's true. every central bank has been cutting interest rates in recent years. The Bank of England too But in many ways, they're not the rates that matter. They're the administered central bank rates The rates that matter are what government pays to borrow And because the government was borrowing so much more than the plans that it inherited two years ago These rates didn't come down, indeed, they started to rise. The rates on tenure government bonds rose and that percolates its way through the economy. It's the reason if you've got a mortgage, your mortgage rate a lot higher than it was. higher interest rate notot good for business investment and not good for growth And I think if you add all that up In a sense, K Starmer's government was scuppred by these two Rachel Reeves budgets. Rachel reises to blame in the sense that they were her budgets She still sticks by them But on the other hand The Prime Minister is also the first lord of the treasury. It says so on the ten Downing Street Nameplate doesn't say Prime Minister says, First Lord of the Treasury And she was his chancellor. And I think part of the problem was that Kersteimer never had a grasp with economics, never really understood economics or what economic policy was, uncomfortable Talking about economic policy. So he was contement to let Rachel Rese Just get on with it and as a consequence He paid the price of that And the economy has not grown by much. He'll pick one particular quarter and say, oh, we're the fastest. growing in the G seven, but everybody knows The British economy which was not going gangbusters under the Tories at all has still remained largely stagnant. And it's a good day if we can say It might grow in any one calendar year by one percent percent. So when you add these things up The lack of a plan A lack of preparation and homework The uncertain feel for politics, the kind of cack handed feel for politics indeed a sense in which Human rights, as human rights lawyers, his background mattered more. that a political feel resulting, of course, in the absurd Shak as Island deals in which we basically pay Mauricious ton of money, billions of pounds take the Chagas Islands off our hands. even though we were under no real need to do so But we do so and then leash them back for no good reason a system in which the power of an international court. an international court, by the way, which has got Russian and Chinese judges on it. You can be sure if they're not Judially independent We put that court's ruling above our own National interest No politician can do that And that's where I mean find certain field for politics and then or Richard Nixon used to call the B enchiladder Rachel Reeves and her two budgets. Basically scupper Styamed, sabotaged. Although she didn't know she was doing it The whole government Growth agenda on which it had been elected And I think if you had all these things up and the loss of control of the Labour Party as a result. and the way power seek to the backbenches to the Parliamentary Labour Party control by the soft left We end up with Koara appearing outside Downy Street today to announce his resignation become O ins sight in British politics these days You've got social dialed in. Search is doing its thing. So why do your marketing results look the same as six months ago? That's because you're fishing in the same pond as everyone else. Podcast listeners are a different audience entirely more engaged, harder to reach through traditional channels, and ready to act when someone they trust makes a recommendation. We're a cast, and we put them right in front of you B brrowse thousands of the world's leading podcasts, book host reads or run your own ads, and track every conversion in real time. Same skills you already have, brand new results. Acast Acast d. com slash advertise And even in foreign policy where it's often said That was his great success Even By the end of two years, he was starting to be rumbled It is true he did as best as he could dealing with Donald Trump It's a lost cause. No, I don't think anybody could have done better than him He did what he could, but of course it all. ended in tears becausecause it always does with Donald Trump I don't blame them for that I congratulate him and not getting us getting him into Trumpss around war He should have allowed our bases to be used. That's only right for an ally, but he was quite right not to get Britain involved in it. as we've seen what's happened Thank goodness. But he had taken because things were going bad domestically to strutting the world stage a bit to picking himself up to beginning to see himself, although he had no expertise or track record in the matter of geopolitics, of foreign policy, or foreign affairs