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ITV News 20 Jul 2026 14 here now

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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Raise tax on luxury goods. That only raises money from the wealthy
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Raising the tax rates would be a manifesto breach, but changing the tax thresholds would not.
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Unbrexit is inevitable
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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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It’s going to have to be paid for. Wonder how he will approach that?
Could start with no benefits for overseas people entirely. 100% increase personal allowance. Get youth unemployment sorted.
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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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Tax WEALTH not WORK!!!!! How much more must the workers bear when there are so many wealth tax dodges that mean that the wealthiest pay less tax than those working :(
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Taxes are cost of living too
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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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Andy Burnham is the new Nicola Sturgeon
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More importantly will the cost of fuel go down this winter now he is drilling the N sea
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Last time we had a mini budget with radical new ideas it went well...
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I absolutely adore these 2 and and just 'Stir crazy' about Peston! Such a fan! Almost a 'Groupie' now lol!❤❤
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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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Top rate of tax. 50% is a woeful place to be
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@dpatel1964 From YouTube ↗ 20 Jul 2026 10
How can increase taxes reduce living costs?
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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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@Jane-b3j7n From YouTube ↗ 20 Jul 2026 12
Bankrupt that’s where we’re heading
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Robert Preston looks and sounds as though he has just emerged from under the drinking table.
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@bm8641 From YouTube ↗ 20 Jul 2026 36
Bankruptcy is written on this weird island
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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!