Andy Burnham has been warned against a 'delusional' bid to rejoin the EU after the left-leaning think tank IPPR urged Britain to make EU membership a 'medium-term' goal. Conservative and Reform UK figures argue that rejoining would not solve Britain's economic problems. IPPR says Britain lacks the scale to handle Russian aggression, American unreliability and Chinese coercion alone, though it admits EU budget costs and replacing the pound with the euro could weaken support. The Prime Minister is due to set out options for the relationship at the UK-EU summit in Brussels on November 20, and has not ruled out a rejoin pledge in Labour's next manifesto without a referendum. The government says the Brexit deal has weakened control of illegal immigration and slowed growth.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Andy Burnham sent huge warning after new Brexit demand - delusional !
Read the original on aol.co.uk ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
GBP/USD
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.33306 |
| Change that session | +0.41% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Arab News | Burnham and Britain need a reversal of Brexit
- Andy Burnham confirms three plans for state pension under his premiership
Andy Burnham has confirmed three changes to the state pension under his premiership, alongside Chancellor John Healey. The triple lock will stay until April 2030, after which the pension would rise by the higher of inflation or 2.5%, ending the link to average earnings. The government says the savings will fund a new National Care Service for older people, and that the pension will still hold its value relative to earnings over time. State pension age, currently 66, is set to rise gradually to 67, with a further increase to 68 planned. Healey will also honour the promise that people whose only income is the State Pension will not pay tax, though Martin Lewis has questioned whether this could create a cliff edge, and the changes still need new legislation.
- Andy Burnham told to make rejoining EU Britain goal
The think tank IPPR says Britain should make EU membership its 'medium-term' goal as Andy Burnham sets out its long-term relationship options at the UK-EU summit in Brussels on November 20. It argues that Britain lacks the scale to counter Russian aggression, American unreliability and Chinese coercion alone, and that hedging between the US and Europe is a strategy for survival rather than success. IPPR suggests starting with cooperation with the EU on defence, manufacturing and democratic resilience, while acknowledging the government needs time to build a case for membership. Polling for the think tank by Persuasion UK in June found 52% support for rejoining against 29% opposed. The government responded that the Brexit deal it inherited has weakened immigration control and growth, and said it is pursuing practical deals instead.
- Andy Burnham told to make rejoining EU Britain goal
Think tank IPPR urged Britain to make EU membership its 'medium-term' goal, arguing that the UK lacks the scale to handle Russian aggression, American unreliability and Chinese coercion on its own. Ahead of the UK-EU summit in Brussels, where Prime Minister Andy Burnham will set out relationship options, IPPR said 'hedging' between the US and Europe was a strategy for survival rather than success. A Persuasion UK poll found 52% of people backed rejoining against 29% opposed, though budget contributions and replacing the pound with the euro could damage that support. The government responded that the current Brexit deal had weakened immigration control and growth.
- Andy Burnham told to make rejoining EU Britain goal
Think tank IPPR says Britain should make EU membership its medium-term goal as Andy Burnham prepares to outline options for the UK's relationship with Europe at the UK-EU summit in Brussels on November 20. The report argues that Britain lacks the scale to handle Russian aggression, American unreliability and Chinese coercion alone, and that hedging between the US and Europe is a strategy for survival rather than success. It suggests first building support through cooperation on defence, manufacturing and democratic resilience, and possibly joining the EU's Made in Europe scheme, without an immediate referendum. Polling for the think tank found 52% of people back rejoining the EU, compared with 29% opposed. The Government says the Brexit deal it inherited has weakened border control and growth.
- Andy Burnham told to make rejoining EU Britain goal
The think tank IPPR says Britain should make EU membership its medium-term goal as Andy Burnham sets out options for the country's relationship with the bloc at the UK-EU summit in Brussels on November 20. The report argues Britain lacks the scale to handle Russian aggression, American unreliability and Chinese coercion alone, and that hedging between the US and Europe is a strategy for survival rather than success. It proposes working with the EU on defence, manufacturing and democratic resilience as steps toward membership. It also warns that joining the EU's 'Made in Europe' scheme could require aligning with EU tariffs on Chinese electric vehicles, potentially putting net zero targets at risk. Polling by Persuasion UK in June found 52% of people support rejoining and 29% oppose, though concerns about EU budget contributions and replacing the pound with the euro could damage support.
Related markets
Latest news
- JPMorgan Backs Two Defense Startups With $5 Billion
JPMorgan has already committed half of its $10 billion investment pool to hypersonic-missile maker Castelion and defense manufacturer Hadrian. The bet reflects America's push to rebuild its defense industrial base.
- X-Energy, Amazon, AEP Partner To Evaluate Feasibility Of 960 MW Nuclear Project In Indiana – A Look At The Key Highlights
X-energy and American Electric Power (AEP) announced a joint development agreement to evaluate the feasibility of a proposed 960-megawatt small modular reactor project in Indiana, with Amazon supporting development through a milestone-based funding agreement. The plant would feature 12 Xe-100 units near the former Breed Generating Station in Sullivan County, redeveloping an AEP-owned brownfield site. It is the second commercial project under the X-energy and Amazon collaboration, which aims to bring more than 5 gigawatts of new nuclear capacity to the U.S. grid by 2039. At the time of writing, XE was up 2%, AMZN gained 3.75%, and AEP fell 1.13%.
- Waymo Will Be “a Trillion Dollar Business. Easy” per VC Investor
Bessemer Venture Partners' Sameer Dholakia says Waymo could become a trillion-dollar business by expanding from ride-hailing into personal car ownership, trucking and logistics. The article notes Bessemer invested in Waymo's $16 billion February round, which valued the company at $126 billion. Waymo reached 500,000 paid rides a week in March, but Sacra estimates its annualized revenue at only $355 million in February, under 0.1% of Alphabet's $403 billion in 2025 revenue. Alphabet trades at 25.0x forward earnings, within its usual range, while Uber trades at 18.2x, a level analyst Walter Piecyk links to the threat from Waymo and Tesla's Robotaxi.
- Jensen Huang Declares NVIDIA Can Win “in the Absence of Any AI Labs”
NVIDIA CEO Jensen Huang said on the BG2 podcast that about a third of the business, classical computing unrelated to AI labs, is growing 30% to 40% a year, while frontier labs account for roughly 25% to 30% of compute. In the three months to July 26, 2026, revenue rose 106% to $96.2 billion, with AI clouds, industrial and enterprise revenue up 138%. Steve Eisman cited a 10-Q line showing 70% of NVIDIA's accounts receivable comes from five customers, though the article notes receivables are not the same as revenue share. NVIDIA trades at 17.7x forward earnings, near its three-year low of 17.5x and well below its 30.3x average.
- AWS Margin Expansion and Retail Execution Power Amazon (AMZN) in Q3
Wedgewood Partners reported that its Wedgewood Composite returned 2.5% net in the third quarter of 2026, compared with 2.3% for the S&P 500 and 0.9% for the Russell 1000 Growth. In its investor letter, the firm named Amazon a leading contributor, citing AWS revenue growth accelerating to 37% from 17% a year earlier and a 63% rise in the segment's operating income. AWS backlog of around $500 billion is more than double last year's level and up 37% from 90 days earlier, and Wedgewood said this demand supports a plan to double AWS capacity from circa 2025 levels by 2027. Advertising grew 26% and generated over $75 billion in revenue over the past 12 months. As of October 16, 2026, Amazon closed at $250.00, with a market capitalization of $2.7 trillion and a 21.22% gain over the past year.
- Bitcoin is rejected at $83K as US bond yields reverse higher with equities
Bitcoin failed to follow rising equities as a wall of sell orders above $83,000 across exchanges capped gains, and BTC slipped below $82,000 after Monday's Wall Street open. The Nasdaq Composite gained 1.5% and South Korea's KOSPI rose 1.76% to 5,768 points, while the US 10-year yield climbed to 5.13% and the 30-year to 5.46%, moving in step with stocks ahead of major tech earnings from Meta, SpaceX and Tesla. QCP Capital warned that a repeat of last week's tech sell-off could threaten the $80,000 support level. Crypto liquidations totaled $335 million over 24 hours, and the Binance whale ratio fell to 0.45 from 0.54 at the start of October.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.