{"id":93463,"date":"2026-07-01T07:17:39","date_gmt":"2026-07-01T06:17:39","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=93463"},"modified":"2026-07-01T07:17:39","modified_gmt":"2026-07-01T06:17:39","slug":"the-next-round-of-austerity-is-on-its-way","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/07\/01\/the-next-round-of-austerity-is-on-its-way\/","title":{"rendered":"The next round of austerity is on its way"},"content":{"rendered":"<p>It is often said that you can know a person by the company they choose to keep.<\/p>\n<p>Andy Burnham has chosen Tory-appointed, former Goldman Sachs banker Lord Jim O'Neill as an adviser.<\/p>\n<p>As the FT<a href=\"https:\/\/www.ft.com\/content\/fc5aaf4b-3616-46c6-bb38-2b78c4fec7e6?segmentId=bf7fa2fd-67ee-cdfa-8261-b2a3edbdf916&amp;syn-25a6b1a6=1\" target=\"_blank\" rel=\"noopener\"> notes this morning<\/a>:<\/p>\n<blockquote><p>An adviser to Andy Burnham has warned against further taxes on business, as the head of the UK\u2019s union movement reiterated calls for an increased levy on banks.<\/p>\n<p>Lord Jim O\u2019Neill, a former Goldman Sachs chief economist who has been helping Burnham frame a policy agenda, said the prospective prime minister should embrace spending controls, not tax rises.<\/p>\n<p>\u201cWe can\u2019t just keep avoiding what are seen as difficult choices and having backdoor ways of raising taxes. And we certainly shouldn\u2019t raise them on business,\u201d he told Sky News on Tuesday.<\/p><\/blockquote>\n<p>I like to think Burnham would ignore such advice. But he has chosen O'Neill to advise him, so how could he, and how would he?<\/p>\n<p>The next round of austerity is on its way.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is often said that you can know a person by the company they choose to keep. Andy Burnham has chosen Tory-appointed, former Goldman Sachs<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2026\/07\/01\/the-next-round-of-austerity-is-on-its-way\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[204,35,147,118,224,106],"tags":[],"class_list":["post-93463","post","type-post","status-publish","format-standard","hentry","category-economic-justice","category-economics","category-inequality","category-labour","category-neoliberalism","category-politics"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/93463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=93463"}],"version-history":[{"count":1,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/93463\/revisions"}],"predecessor-version":[{"id":93464,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/93463\/revisions\/93464"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=93463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=93463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=93463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}