Members of the European Parliament are concerned that fundamental rights could suffer under plans to expand the mandate of EU border agency Frontex.

Last week, Migration Commissioner Magnus Brunner presented plans for a sweeping overhaul of Frontex that would put it in charge of everything from strategic planning and pooling resources for cost-efficient returns to reintegration support — and also allow it to help non-EU countries with deportations from their territory.

On Wednesday, Brunner addressed MEPs on the Civil Liberties, Justice and Home Affairs Committee about those plans.

While member state authorities would still take decisions on returns, the EU border agency will become “responsible for return-related support from the beginning to the end, from A to Z,” Brunner said.

Under the Commission plan, Frontex could also help deport people from EU countries to hubs in countries outside the bloc, and from those hubs to third countries, the commissioner confirmed.

Centrist and left-leaning lawmakers said they were worried that the expanded mandate and scope would come with larger fundamental rights pitfalls.

“How will we guarantee that Frontex will comply with EU law while they have to obey the laws of third countries, where there is a completely different legal framework in place?” the Greens’ Tineke Strik, a Dutch MEP, asked the commissioner. “I really think that this modality will clearly lead to the risk of more fundamental rights violations,” she added.

Socialists and Democrats MEP Murielle Laurent, from France, asked: “To what extent can Europe externalize its migration policy while also externalizing its human rights defense policy?” She warned that “a more powerful EU agency is also an agency that should have more careful oversight.”

Brunner insisted that Frontex already has to meet firm fundamental rights obligations, and that those remain in place under the Commission’s plans.

Frontex would only assist non-EU countries in returns under an international agreement that lays out fundamental rights safeguards, he said. The Parliament would have to sign off on any such agreement, he added.

BRUSSELS— Belgium’s King Philippe is considering Prime Minister Bart De Wever’s resignation after the premier offered to step down following failed attempts by his coalition government to agree to plug a €10 billion budget gap.

In an 11th-hour attempt to reach a deal for next year’s budget, top officials from De Wever’s five-party government gathered over the weekend, but left without an agreement early Monday morning. Tuesday was widely seen as the unofficial deadline to strike a deal, as the budget still has to pass through parliament before the end of the year.

As part of the talks, De Wever wanted to show financial markets that Belgium is on track to meet its European obligations. Belgium had a deficit of 5.2 % of GDP in 2025, which is expected to rise further next year.

After De Wever offered his resignation Monday morning, the palace said the king was “postponing his decision” and “will begin consultations tomorrow with the party leaders of the various coalition partners.” It added that the king “is appealing to everyone’s sense of responsibility and urges all stakeholders to prioritize the general interest and a spirit of compromise.”

The prime minister is expected to meet the king again on Friday.

De Wever had ruled out starting the new year with a temporary budget, which would let the government continue with the same budget as last year’s.

Budget talks have been ongoing for weeks, with tensions emerging mostly between the Flemish socialists of Forward and the Francophone center-right Reformist Movement.

The former asked for more contributions from the highest incomes, through taxes, while the latter ruled that out and pushed back against a wider reform of value-added tax.

There were still “far too many taxes on the table,” David Clarinval, deputy prime minister for the Reformist Movement, told reporters when talks broke up. He didn’t rule out discussions resuming today.

Last November, Belgium’s budget talks also went into extra time. On this occasion, De Wever did not tender his resignation, but requested an extension to budget talks from King Philippe. The king granted him an additional 50 days to reach an agreement.

If Belgium is on track for snap elections, the country could lean toward extreme parties, with both the far-right Vlaams Belang and the far-left Workers Party performing well in the polls.

This article has been updated.

LONDON — Britain’s government runs on numbers — but what if they’re a shot in the dark?

From tepid economic growth to squeezed household incomes, this week’s budget from Chancellor John Healey was packed with grim figures about the state of play in the U.K. — and a host of costly measures to try and turn things around.

Yet it’s almost certain that the budget forecasts Healey relied upon Wednesday will be revised by the time the next fiscal event rolls around.

In this week’s episode of the Westminster Insider podcast, POLITICO unpacked the numbers that govern the U.K. — and found out just how many doubts there are about the information the country relies on.

1. True levels of immigration

Few issues divide Brits like immigration — but grappling with hard data on the issue has proven to be a repeated challenge to governments of all stripes.

For decades, immigration into the U.K. was calculated by the International Passenger Survey (IPS) — essentially people with clipboards at airports, train stations and ports asking people about their intention to stay in the U.K.

But between 2012 and 2020, the number of European Union nationals coming into the country was off by 76% — or 93,000 people a year. The Office for National Statistics (ONS) only discovered this error after trialing a new approach to counting immigration that focused less heavily on the IPS, which was dropped altogether in 2025.

The ONS now uses this new measurement — relying on a combination of Home Office data, information from the Department for Work and Pensions and tax receipts.

But this was again wrong in the year to June 2023 — by 234,000 people.

The original numbers published by the ONS in November 2023 said net migration to the U.K. was 672,000. A year later, the ONS admitted there had been a mistake and said it was in fact 906,000.

Laura Gilbert, who ran data science in No. 10 Downing Street until last year, told POLITICO that net migration numbers are often incredibly misleading — and even the way we calculate those numbers is “highly spurious.”

Gilbert says the quality of the numbers on immigration normally improves months later, sometimes by “quite a lot.” But she warned, “if politicians are making a decision based on exact numbers, often they are using the first number that comes out, which is the worst one.”

2. The scale of unemployment

Healey and Prime Minister Andy Burnham have vowed to get welfare spending down “but in a Labour way.” Much of this will rest on getting young people into work, the subject of a 217-page report by Tony Blair-era minister Alan Milburn.

But Britain’s workforce — and the number of young people out of work — is counted by the Labour Force Survey (LFS), an ONS measurement beset with issues.

For example, between 2019 and 2024, the LFS missed 1 million workers because people with full-time jobs are less likely to answer the phone to surveyors during the week, according to the Resolution Foundation think tank.

The Office for Budget Responsibility (OBR) admitted just this week that the survey is too unreliable to measure productivity. “In recent years, falling response rates have significantly affected the quality of the LFS, making it more difficult to estimate reliably the number of workers and the hours they work,” the watchdog said.

Gilbert says Healey’s claim that there are “1 million young people out of work” is unlikely to be accurate.

The number of NEETs — people not in education, employment or training — is also based on figures from a subset of the LFS, which is particularly susceptible to inaccuracies.

“I think being within 50,000 on either side of that number is very unlikely to be the sort of level of accuracy that you’re at,” Gilbert said. “It’s entirely spurious, if I’m completely honest, but it’s a big number, you write it down, and everyone reads the papers.”

Ben Warner, who set up 10DS, Downing Street’s data science unit, says the LFS can’t accurately measure the number of entrepreneurs arriving in the country, either, making it difficult for ministers to know if decisions — such as a much-hyped tax relief for founders — are actually encouraging people to come to the U.K.

“I’m willing to bet you a hundred quid [we don’t have accurate numbers] at the level that you would need to make thoughtful policy around this,” Warner said. “I am sure there are people who have very, very good knowledge of the economic statistics. But if you’re a minister, you don’t necessarily have access.”

3. Where inflation and GDP sit

These are hugely important measures for a government: Are costs rising for households — and is the British economy growing?

But buried inside this week’s budget assessment by the OBR was a startling admission: There is a one in five chance inflation in 2027 will come in at over 4.5% … and the same chance it will be under 2.5%. They are profoundly different outcomes for the cost of living, a top political issue.

Warner told POLITICO, “The whole thing is mental. We are discussing the uncertainty of the numbers and pretending that these are real.”

Gilbert says there are knock-on effects at play: problems with net migration numbers and workforce data bleed into inflation and GDP projections.

“Understanding migration tells us about the demographics of the country, and when we look at how many people are in work, and that is wildly undercounted, it looks like there are more people who are unemployed, which has a knock-on effect on GDP and inflation,” she explained.

4. The number of kids on free school meals

The number of pupils in England on free school meals is just over 2.2 million, according to government statistics from the start of this year. That’s more than a quarter of all children in the country.

But Gilbert warns that these numbers are likely to be overestimated because schools “game the system” when census data is collected. “So for anyone who has children in school they may have received a text message that says don’t send them to school with a packed lunch — because the schools get funding based on how many children are on school meals,” she said.

5. The number of rough sleepers on the streets

One of Burnham’s flagship promises when he became prime minister was to end homelessness in the U.K., and Wednesday’s budget put £432 million towards precisely that promise.

Yet the way rough sleepers are counted in the U.K. varies according to each council, with some areas relying on an estimate and others on a street count — sending workers out to physically count the number of people on the streets on a particular day in autumn.

Some councils have swapped between methods — which can make it look as though they have dramatically reduced their rough sleepers from one year to the next.

For example, in 2017 Brighton and Hove Council used an estimate of rough sleepers which put that number at 176. The following year, the council used a street count — but this took place on a snowy night, so the number fell to 68.

This made it appear as though the number of people experiencing homelessness had been more than halved.

LUXEMBOURG — Europe’s energy ministers are running out of ideas to protect citizens from surging energy prices as winter approaches.

But at a summit in Luxembourg on Thursday, they were clear on one thing: Demanding voters cut back on power use is not an option.  

European gas prices soared above €100 per megawatt-hour on Wednesday for the first time since 2022, as last-minute panic-buying to fill European gas reserves added to supply pressures linked to the war in the Middle East.  

But at the Thursday summit, EU energy ministers broadly acknowledged that both Brussels and national capitals had run out of ideas to contain price pressures.

“We’ve exhausted most of our short-term options,” said one senior European energy official, granted anonymity to offer a candid perspective. “What’s left is really crisis management.”

For the past year, government attempts to cushion price rises with renewables schemes, windfall taxes and costly fuel subsidies have ultimately failed to contain anxieties that have since boiled over into widespread protests across the continent.

“The EU and member states don’t have a magic wand to make the price increases go away,” Irish Energy Minister Darragh O’Brien, whose government holds the EU’s six-month rotating presidency, told reporters. “There’s a lot of measures that have been taken already in the short term. What today is about is actually seeing how we can move to more sustainable measures.”

But even crisis management is proving politically difficult. Despite calls by EU energy chief Dan Jørgensen earlier this year to encourage consumers and businesses to cut energy use, European ministers are reluctant to make such a move official policy.

“I don’t want to see that we will limit people,” said Mika Nykänen, the state secretary to Finland’s energy ministry. Instead, he called for policy designed to “change behavior” and reduce energy consumption less painfully. “Industry does it naturally. Normal households, normal families — they sometimes need encouragement,” he said. “For instance, subsidies to invest in the energy efficiency of houses, windows.”

Demand reduction “has an impact on industry, it has an impact on business, and in a difficult situation, it could be the way to do that. But it does not … solve the long-term,” Polish Secretary of State for Energy Wojciech Wrochna told reporters.

High prices “will regulate demand by itself,” Swedish Energy Minister Ebba Busch told reporters.

Fossil fuel subsidies

Such was the opposition to demand reduction measures on Thursday, Jørgensen — who was at the summit warning of a “difficult” winter of soaring fuel prices ahead — gave up even proposing it, focusing instead on subsidies. He reluctantly accepted that such subsidies could include fossil fuels as well as clean alternatives, but urged that they be “targeted and temporary.”

Since the war started, governments have paid €18 billion for tax relief on fossil fuel products, including a controversial move by Rome earlier this month to reduce the impact of gas prices on electricity costs.

European Commission President Ursula von der Leyen warned national leaders against this tendency, urging them at a summit this month to keep policies temporary and targeted to avoid inadvertently increasing fossil fuel demand and distorting the EU single market, according to two EU diplomats familiar with her comments.

That remains a point of contention among EU leaders, with some, including Greece, calling for greater fiscal space to increase energy subsidies while others warn of the dangers of subsidizing fossil fuels.

“Our concern is to make sure that we don’t create conditions where different member states go very far in different national decision-making,” said Lithuanian Energy Minister Lukas Savickas in a separate interview.

Jørgensen did not respond to POLITICO’s question at a subsequent press conference when asked whether new fiscal flexibilities were being considered.

Other ideas have gone by the wayside. Von der Leyen rejected calls by countries to establish an EU-wide tax on windfall profits of oil and gas companies at this month’s summit, the diplomats cited above said even as European oil companies like Shell, TotalEnergies and Repsol rake in their biggest profits since 2022.

Member countries also questioned the value of a Commission proposal to coordinate the purchase of energy supplies. Such a scheme would work in theory but be hard to implement for “big players” with established supply chains, Wrochna said.

Neither has the EU’s commitment to hastening the release of strategic crude oil and diesel reserves earlier this month — in response to what EU officials described as U.S. “blackmail” — done much to ease fuel costs.

Even so, the EU’s commitment will now include over 40 million barrels on top of the 10 million pledged by Paris, France’s economy minister Roland Lescure told reporters on Thursday.

A parallel push to delay methane monitoring requirements — a plank of the EU’s 2024 Green Deal that industry argued was poorly designed and would disrupt supplies — also had no impact on prices.

Slow pay-off

To be sure, measures designed to lower electricity prices and encourage consumers to switch away from imported fossil fuels are starting to work, with soaring sales of heat pumps and electric vehicles in Europe this year. “There’s no silver bullet, but when you add all of these things up, it can actually matter,” said Jørgensen.

But even longer-term efforts to encourage the switch to cleaner energy are facing backlash as countries resist ceding power to Brussels.

One example is a Commission proposal to make electricity bills more affordable and speed up electrification, including by ensuring electricity is not taxed more heavily than natural gas. Member countries pushed back against the proposal’s taxation provisions on Thursday, arguing that Brussels is overstepping EU treaties requiring that tax changes be approved unanimously, risking higher costs for households and industry.

Busch, the Swedish energy minister, said the proposal’s taxation provisions went too far, warning it would face “a lot of pushback” from countries concerned about EU interference in national tax policy.

Germany and Poland also raised concerns about the proposal’s potential impact on industry and national tax systems, while Italy warned that changing tax rates could make energy more expensive rather than encourage electrification.

Ask European Union leaders what they think of Mark Carney’s climate credentials, and you’ll get a gushing response.

“We see the world with the same eyes: from AI to climate change,” European Commission President Ursula von der Leyen said in her State of the Union speech last month, where the Canadian prime minister was the guest of honor.

“Canada and the EU are very, very like-minded,” the bloc’s climate chief, Wopke Hoekstra, told POLITICO in an interview when asked about his hopes for climate collaboration between the two powers ahead of this week’s EU-Canada summit in Montreal.

But this rosy view sidesteps a less comfortable reality: Canada is a major fossil fuel producer whose climate ambitions fall far short of Europe’s.

And under Carney, those ambitions are weakening.

Last year, Canada produced more crude oil than any other country outside the big three producers, Russia, Saudi Arabia and the United States. Oil and gas are Canada’s biggest exports by far, and the industry lobby is an influential force in Ottawa.

In his previous life as a central banker, Carney was considered a climate champion. POLITICO even dubbed him an “eco warrior” in 2018. But since taking over as prime minister last year, he has weakened Canada’s climate policies at a rate few predicted, scrapping a national carbon tax and electric vehicle mandate and opening new oil and gas projects.

The list of climate laws Carney has watered down, repealed and canceled makes the EU’s own recent backtracking on green laws look minor. Some environmentalists argue it is comparable to U.S. President Donald Trump’s wholesale dismantling of environmental protections.

“The track the Carney government has taken on climate and environmental regulation has been a decisive move in the direction of the U.S.,” said Tim Gray, executive director of environmental non-profit Environment Defence. Carney, he said, “seems to be all in on fossil fuels.”

Keean Nembhard, a spokesperson for Canada’s Environment Minister Julie Dabrusin, told POLITICO the Carney government is “committed to fighting climate change and reaching net-zero by 2050 by taking a pragmatic and durable approach.”

“This includes building major clean energy projects across the country, driving mass electrification, and making significant investment in the low-carbon economy,” he said.

But Gray argued that Carney’s support for fossil fuels and weakening of environmental standards may complicate Canada’s attempts to forge closer ties with Europe, which has some of the world’s most stringent green laws.

Still, in Europe, Carney’s green image persists.

Last week, Belgian member of the European Parliament Saskia Bricmont gave expression to this faith in Carney’s commitment to climate issues when she called on him to lead a global push to put climate back on the agenda ahead of next month’s U.N. climate summit.

“Mr Carney … relaunch the fight against climate deregulation and for the restoration of biodiversity, and re-mobilize the international community around concrete, coordinated measures,” she said.

Carney’s green aura

Carney’s reputation as a climate champion is well earned. As governor of the Bank of England, he led a push among central bankers to take the economic risks of climate change seriously — memorably captured in his 2015 ‘Tragedy of the Horizon’ speech, in which he warned: “The catastrophic impacts of climate change will be felt beyond the traditional horizons of most actors.”

In 2021, after he’d left the Bank of England, he became a United Nations special envoy on climate action and finance and launched a net-zero financial alliance with some of the world’s biggest banks.

But things changed dramatically when Donald Trump took back the White House, and Carney replaced fellow Liberal Justin Trudeau as Canada’s prime minister in 2025. At the time, Trudeau and his Liberals had been way behind in the polls, battered by Conservative leader Pierre Poilievre’s attacks on his climate policies — in particular an unpopular consumer carbon tax.

Carney’s first act as prime minister was to scrap that tax.

Following his surprise victory in the elections that April, Carney set about promoting Canada as an “energy superpower.” To the dismay of environmental groups, he supported the “Pacific Link,” an oil pipeline costing tens of billions of dollars, designed to carry Alberta crude to Canada’s Pacific coast for export to Asia.

He then pushed for thawing relations with Beijing in January, a not-so-subtle pitch to find a new crude oil client that isn’t the U.S. Germany, rushing to replace its dependence on Russian energy, signed a long-term agreement in July to buy Canadian liquefied natural gas from a proposed port in British Columbia, despite backlash from environmental and indigenous groups.

He also scrapped laws on electric vehicle adoption, dropped plans for an emissions cap on oil and gas companies, watered down an existing industrial carbon price and introduced legislation to weaken environmental permitting rules for big infrastructure projects, which critics dubbed the “bulldoze nature bill.”

A landmark moment, according to Gray, came in November 2025, when Carney signed a memorandum of understanding with the government of Alberta, Canada’s biggest oil-producing province. That document, which promised to turn Canada into a “global energy superpower,” contained a string of promises to promote oil and gas and water down federal climate laws.

So why the dramatic shift?

Carney, who has repeatedly positioned energy sovereignty as a bulwark against Trump’s economic aggression, offered his realpolitik response at an event in the heart of Alberta’s oil patch earlier this month.

“There’s a structural challenge of energy security and the existential challenge of climate change, and these challenges are forcing countries to think differently about where their energy comes from and on who they can rely on to supply it,” Carney said in Fort McMurray, Alberta on Oct. 1.

“Even under any plausible net zero scenario, the IEA [International Energy Agency] forecasts the world will still need tens of millions of barrels of crude a day. So the question is: who will emerge as the world’s trusted suppliers? It should be us. It must be Canada.”

Not black and white

Carney, to be sure, is no Trump. Unlike the U.S. president, he has retained his pro-climate rhetoric and promised to develop the country’s mining of critical minerals essential for the clean energy transition.

In May, he unveiled a national electricity strategy which aims to double Canada’s largely clean electricity grid by 2050 to meet soaring demand. “The path to net zero is electrification,” Carney said then.

In August, he announced C$10 billion in federal support for the Churchill Falls hydroelectric project in Newfoundland and Labrador, saying it will be the largest clean energy project in North America, capable of generating enough electricity to light up the equivalent of Canada’s three largest cities.

Nembhard, Environment Minster Dabrusin’s spokesperson, also pointed to new electricity transmission lines, electric vehicle subsidies and a C$2 billion plan to retrofit homes with heat pumps.

Canadian climate activist Alex Cool-Fergus said she does not think Carney “believes that oil and gas is the future,” but is simply being pragmatic about Canada’s economic reality.

“The electricity strategy that came out in May was incredibly important, and actually gives us a better idea of what his thinking is for the future,” she said.

Trudeau’s approach to climate change was “very much values-based, and it was about doing the right thing,” said Cool-Fergus. “I think that’s hit its limits. Carney’s approach makes more sense for the world of 2025-2026.”

The limits of the partnership

Hoekstra, the EU’s commissioner for climate, said he wants to deepen ties with Canada. “Given all the complications the world is facing, it is imperative to team up more closely with your closest partners,” he said. But he’s realistic about how far that relationship can go.

Hoekstra has ambitions of cementing the EU into a global network of economies with carbon pricing regimes. While he conceded nothing is “off the table,” he acknowledged linking the EU’s Emissions Trading System with Canada’s “quite different” version, which varies from province to province: “You’re talking about a completely different horizon, and that is not something we would attempt in the very short run.”

There are, however, other ways Hoekstra believes the EU and Canada can closely link on environmental issues.

“Doubling down, tripling down on electrification, on solar, on wind, on nuclear, on batteries,” he said, adding “that is one area that I think is potentially very fruitful for my portfolio.”

Another is critical raw materials, a key focus of this week’s summit.

Brussels is exploring ways for the European Investment Bank, the EU’s lending arm, to help finance the mining of Canadian mineral deposits that could supply the bloc with an alternative to Chinese-produced metals, with a framework agreement expected to be signed during the summit. Lithium, copper, nickel, and other key ingredients for electric vehicle batteries and clean energy technologies essential for decarbonizing Europe are abundant but often undeveloped all over Canada.

This week’s summit will also explore investing in infrastructure on Canada’s east coast to liquefy and ship Canadian gas to Europe, a move that could help the EU diversify its supply away from the U.S., which, along with Norway, has become Europe’s dominant supplier since it cut off Russian gas imports following the full-scale invasion of Ukraine.

Many EU member countries will welcome success on these goals. But Gray warns that closer ties with Canada could lead to deeper penetration by the country’s powerful fossil fuel lobby, which he described as a “major, major force.”

“They’ll be spending time trying to make sure the alignment with the EU is in a direction that favors them,” he said.

The EU’s lack of oil and gas resources — and, by extension, the absence of a powerful fossil fuel lobby — has kept climate policy relatively bipartisan in the EU. Could inviting a fossil fuel “superpower” into the fold as an “associate member” change that?

“That would depend very much on what is an ‘associate member,’” Dutch Climate Minister Stientje van Veldhoven-van der Meer said.

LONDON — Andy Burnham became Britain’s prime minister 100 days ago on a pledge to end 40 years of neoliberalism. His first budget announced he wouldn’t do that on the front page.

Wednesday’s 150-page red book was titled “breathing space for today, fresh hope for the future”, a confession, with true British modesty, that it was a stepping stone to bigger pledges downstream.

Burnham’s top finance minister, Chancellor John Healey, unveiled 98 changes, including help for most households’ energy bills, which are due to spike this winter because of Donald Trump’s war with Iran, and a £10 billion defense package to support Ukraine.

Many of the tax tweaks were limited and technical, including an 8% cut to tariffs on soy milk. Healey’s ambition was reined in by surging global oil prices and a political choice by his boss not to blow the doors off yet.

Burnham has reviews on the creaking welfare system, devolving power to the regions and a “10-year plan” all coming before Christmas. Only then can he grind out the numbers for next year’s spending review.

The Labour MP Darren Jones, who served in the Treasury until Burnham arrived in July, called it a “steady-as-she-goes budget” that was to be expected. Many Labour MPs were happy, cheering measures for their area and pointing toward a bigger bang later on. Industry lobby groups could grasp onto something in their area of expertise.

But with U.K. growth struggling, others were less generous. Joe Shalam of the center-right Centre for Social Justice think tank called it the “fudge-it budget.” Tory leader Kemi Badenoch asked: “Is that it?”

Perhaps the trickiest response for Burnham was from Mainstream, the left-wing campaign group that helped propel him to the Labour leadership this year. “Ending 40 years of neoliberalism can only be delivered by radical action,” read a statement by the group’s interim council.

POLITICO looks at five other takeaways from Wednesday’s budget.

1) We’re in the holding pen

The chancellor’s big bazooka was to slap a much-anticipated tax rise on banks — but he surprised many by saying it will last only 15 months. It will raise less than £1 billion in its peak year.

It wasn’t the only temporary measure Healey unveiled on Wednesday. He extended existing cuts to fuel duty, a tax cut on household energy bills and a £2 cap on bus fares, but only until 2027. They will all need to be reviewed again before his next annual budget.

Likewise, some of Healey’s spending plans thin out after a few years, which suggests they may need topping up later. This applies even to the areas closest to Burnham’s heart. Budget documents suggest support to end rough sleeping will total £1.1 billion in the two years from April 2027 but only £270 million in the three years after that.

There were plenty of changes, of course, such as to writing-down allowances, property income taxes and tax on savings. Whitehall will have to find more administration cuts while tax inspectors hunt down another £3.2 billion a year. But the Institute for Fiscal Studies, a non-partisan economic think tank, called it all a “hodgepodge” of “fiddly measures” that would do little to affect growth.

Many of the more fundamental decisions were kicked down the road. Healey has committed to spending 3.5% of GDP on defense by 2035, but will only spell out how to fund it in a spending review at some point in 2027. Major reforms to the welfare system — spending on which is still rocketing — will only be decided after two reports by the Labour grandees Stephen Timms and Alan Milburn are published in November.

Healey published a “fiscal devolution roadmap” that spelled out a path to handing regional mayors full control of the business rates raised in their areas by the end of the decade, but this has an element of wait-and-see too.

Healey had a narrative for his cautious approach. “I decided on an early budget to give the country a bit of breathing space and to provide stability and direction in the face of speculation,” he told MPs Wednesday. “We’ll continue to map out that direction for Britain through the prime minister’s 10-year plan and the spending review.”

This is not the Burnham who complained Britain was “in hock to the bond markets” last year.

2) Everything is terrible, so blame the White House.

Burnham and Healey can blame Trump — up to a point.

The chancellor said the headwinds that once faced Britain are now “global economic storms,” fueled above all by the U.S. conflict with Iran. “We did not want this war,” Healey told MPs.

Journalists spent Wednesday trawling through the usual gloomy parade of numbers about the U.K. economy produced by the independent Office for Budget Responsibility. Britain’s projected growth in 2027 was cut from 1.6% to 1% (though Treasury officials insisted GDP per person will rise overall by the end of the decade).

Healey chose to leave himself with a smaller fiscal buffer than his predecessor Rachel Reeves, telling MPs he had used it to “absorb the impact of the Iran war.” He also raised net taxes by £7 billion a year, though this was far less than the £26 billion in Reeves’ last budget.

But the situation is so volatile that these numbers, based on market energy prices in mid-August, are probably already out of date. The OBR’s “severe shock scenario” had oil prices peaking at around $115 a barrel in the first half of 2027. They already hit that level this week.

Healey insisted that Britain is doing well in the circumstances; his ministers all point to an International Monetary Fund prediction that the U.K.’s deficit will be the lowest in the G7 by 2029.

Opposition parties, however, paint a picture of a nation where everything is just getting gloomier. The tax take was already on course to rise to a record high; Healey broke that record again on Wednesday. (It is now due to reach 38.6% of GDP.) Britain’s spending on debt interest has almost tripled since 2020.

3) Defense spending is still a big, big headache

Healey resigned as defense secretary under former Prime Minister Keir Starmer in June to protest the lack of military spending — but now faces mounting unanswered questions about his own plans.

Healey did two big new things on defense spending on Wednesday. First, he confirmed an open secret in Westminster: he plans to reach 3% of GDP by 2030 — on a path to NATO’s 3.5% by 2035 — but repeated that the details of how he’ll pay for it will only be spelled out in next year’s spending review.

Secondly and more significantly, he outlined his plan to plug a ​​£1.8 billion-a-year gap in Starmer’s defense investment plan — but provided only scant details. 

The Treasury said it will be paid for by shaving 1% off each Whitehall department’s capital budget in the coming years. However, those departments have not yet worked out what they will cut; that is a problem for another day. These questions will dog Healey for the next year.

At least one person was delighted: Volodymyr Zelenskyy. The Ukrainian president said the chancellor “made my day” with a £10 billion package of economic and military support to Kyiv. Part of the package needed special sign-off by ministers because civil servants warned they could not guarantee it would provide value for money.

4) There was something to make Labour MPs happy

Much of what Healey did unveil appeared to be aimed at preserving the “Burnham bounce” in the polls and with his own MPs. 

The chancellor called it a “budget for the working people of Britain” and Treasury analysis says it was redistributive, handing the biggest boost to the poorest households (albeit only raising their incomes by 0.6%).

Central to this was Healey’s closest thing to a “rabbit out of the hat” — a £100-per-household cash payment to people living in homes below a certain value this winter. One Labour MP enthused that the criteria for the payment (which Treasury officials say will capture 88% of the poorest households) was “absolutely brilliant” because it will capture working households and those on benefits at the same time.

There was another £1.5 billion for social and affordable housing, a “covenant” to govern new AI data centers and changes to mileage rates for self-employed workers. Burnham has prided himself on being a grassroots politician; it was a grassroots package.

How much voters will notice is another question. The IFS warned the package of “breathing space” measures was still “relatively small.” It could be swallowed by a rise in annual energy bills in January — predictions of which have recently ranged from £276 to £469.

The OBR warned there has been “virtually no growth” in real household disposable income per person over the last decade or so, and predicted “no real earnings growth in 2027” despite Burnham and Healey’s efforts to help.

5) MPs won’t stop chattering about an election

Burnham only has to call an election by mid-2029 and keeps trying to snuff out talk of going earlier — but every prime minister does this until they don’t.

His MPs were studying the budget Wednesday to work out if it makes an early general election more or less likely. It’s fair to say they couldn’t agree.

On the one hand, this cautious budget of temporary measures might suggest Burnham — who needs his own mandate for more radical changes to the electoral system or Britain’s relationship with the EU — is holding out for the country’s backing.

Others would say a cautious stepping-stone budget is hardly the eye-catching approach you would take if you were about to sell yourself to voters. Growth is set to be slow next year; Burnham needs time to turn the economy round and show he can change things.

Burnham told journalists on Wednesday: “I don’t know how many times I’ve done this now, but yes, I can rule out calling a general election in the next 12 months.” The speculation will continue anyway.

Esther Webber, Emilio Casalicchio, Sam Blewett and Charlie Cooper contributed reporting.

CORRECTION: This article was updated on Oct. 29 to better reflect the Centre for Social Justice’s ideological stance.

SAN FRANCISCO — Billionaire opponents of California’s proposed wealth tax have spent more fighting it than they ever have on a political cause in the state, according to a POLITICO analysis.

A record $612 million from more than 70 current and former California billionaires is flooding this year’s state elections, nearly half of it for groups working to defeat Proposition 40, the wealth tax initiative on Tuesday’s ballot, POLITICO found.

The fight over Prop 40 has brought California’s wealthiest residents — many from its native tech industry — together in an unprecedented show of political coordination, the new data reveals. Tech leaders say the wealth tax has accelerated plans for broader political engagement this cycle, building networks that could be the foundation for future campaigns.

It’s a particularly striking display of unity from Silicon Valley’s notoriously hard-to-organize donor class. Google co-founder Sergey Brin is by far the well-funded opposition’s biggest benefactor, with former Google CEO Eric Schmidt, venture capitalist John Doerr, Stripe CEO Patrick Collison and crypto executive Chris Larsen also among those who have contributed the most dollars in trying to stop the billionaire tax.

The possibility of a tax on their assets has drawn more than $293 million from at least 30 California billionaires, the majority of whom made their fortunes in tech but otherwise span industries, from agriculture to real estate — as well as the political spectrum, from established Democratic megadonors to some Republican allies and first-time donors.

Frank Slootman, the billionaire board chair and former CEO of cloud data company Snowflake, said he only had a “moderate” interest in politics despite giving $5 million to an anti-Prop 40 group, arguing that the measure erodes private property rights and the state’s economic dynamism.

“This upends the most basic assumptions we have about being a taxpayer and a resident of a state,” said Slootman, who has no prior record of California campaign contributions. “I vote in most elections, that’s about it. This is not about politics for me — it is far more important than that.”

The other half of billionaires’ spending this year came largely from Tom Steyer, a rare billionaire endorser of Prop 40 who bankrolled his own failed gubernatorial bid — the most expensive primary campaign in state history.

Even longtime strategists who have worked for statewide candidates and California’s costly ballot battles struggled to find a historical parallel for the coordination or scale of billionaire spending against Prop 40.

Rob Stutzman, a Sacramento political consultant whose past campaigns have involved a billionaire gubernatorial candidate and record-breaking ballot spending over sports betting, said that Silicon Valley leaders see Prop 40 as an “existential threat to tech in California” and the innovation that has taken root in the region for decades.

“Having to defend against a direct assault is a more unifying principle,” Stutzman told POLITICO. “They’re known for their pet issues that are harder to organize their peers around, but you can circle the wagons to protect yourselves. There is nothing that focuses similar-situated people.”

Proponents of Prop 40 contend the measure is necessary to backfill federal health care cuts.

The last year billionaires in California came closest to spending at this level was 2010, when they dropped $147 million on state races and measures, according to POLITICO’s analysis — a total that’s just over half of what the current wealth tax proposal mobilized. Most of it was the result of billionaire Meg Whitman, a former CEO of eBay and Hewlett-Packard, self-funding her unsuccessful Republican campaign for governor.

Scott Ellis, a millionaire and Prop 40 supporter who formerly served as a senior director at HP, described the magnitude of billionaire spending to fend off the measure as “a completely different animal” than past examples of “a lot of money spent by a rich person to get themselves elected.”

“People with wealth and extreme wealth are getting much more brazen than they used to be,” Ellis told POLITICO. “These people have tremendous resources. They have an incredible range of choices to make, including choosing to oppose this kind of ballot measure.”

Representatives for several billionaire opponents of Prop 40, including Schmidt, Larsen and agricultural titan Stewart Resnick, declined to comment on POLITICO’s findings.

Others, like Doerr, referred POLITICO to Building a Better California, a new Brin-led political operation that has become the primary vehicle for billionaire money against Prop 40.

The group defended the importance of its cause, arguing the measure would “permanently devastate” the state tax base and budget while undermining the health care funding it’s intended to patch.

“We are fortunate to be supported by entrepreneurs and business leaders who have built their businesses and created hundreds of thousands of jobs here, and who share a deep commitment to advancing policies that will improve quality of life for all and protect the state’s economic, jobs, and innovation engine for generations to come,” Building a Better California spokesperson Abby Lunardini said in a statement.

Debru Carthan, vice president of the SEIU-United Healthcare Workers West union behind the billionaire tax, responded to the contributions, saying, “no amount of billionaire spending is going to intimidate us or turn us back.”

A reawakening

Tech leaders have told POLITICO that the wealth tax awakened a sleeping giant in California politics: their previously disengaged industry peers, who months ago suddenly started spending across the ballot to steer California in a more moderate, business-friendly direction. The threat injected the wider political organizing, some of which preceded the measure’s introduction, with a new sense of urgency.

“The tech community has wanted to become a bigger player in California politics,” said veteran Democratic strategist Steven Maviglio.

“They’re building an infrastructure, I think, for the long term because they’ve become a dominant player in our economy, and they now, after literally a decade of being hands-off, want to be very involved because they see the consequences,” Maviglio, who is working on a separate housing and environment-related ballot fight where Schmidt’s wife, Wendy Schmidt, has given $10 million, told POLITICO.

Earlier efforts to unify faltered amid strategic disagreements and overinflated fundraising promises. That was especially apparent in the push to rally Silicon Valley around San Jose Mayor Matt Mahan, a business-friendly candidate with a background in startups, during the California gubernatorial primary.

Although Building a Better California wasn’t spared its share of donor turmoil, an initial patchwork of opposition efforts eventually consolidated resources under the Brin operation’s strategy, devised with the help of veteran ballot-measure consultant Ned Wigglesworth.

The group also brought on fundraisers associated with California Gov. Gavin Newsom’s inner circle. Newsom has publicly opposed imposing a billionaire tax at the state level.

In addition to funding Prop 40 attacks, several billionaires claimed to have fled the state to avoid the tax. Brin, for example, registered to vote in Nevada. Because the one-time, 5% tax on assets would apply to billionaires who lived in the state as of Jan. 1, 2026, POLITICO’s analysis covers billionaires with recent California ties, based on information from Forbes, the progressive nonprofit Americans for Tax Fairness and news reports.

Some of those billionaires made their moves quietly, highlighting a split over how they should respond to the possibility of the tax passing.

“This has been a point of friction between me and some of my other billionaire friends,” Palmer Luckey, the billionaire founder of defense tech giant Anduril, said on a call with reporters this week. “They’ve said things like, ‘Palmer, you have to have solidarity for us. You can’t enable these really bad policies. If you stay and if you don’t leave, it’s going to show them that there’s no consequences.’”

Luckey, a vocal critic of the tax who hasn’t donated to the opposition campaign, added, “I’m planning on staying in California. I’m going to keep fighting it. I’m hoping that this doesn’t pass.”

Meta revealed a plan last week incentivizing CEO Mark Zuckerberg to stay near the company’s Silicon Valley headquarters after the longtime California resident told a special committee of his board he was considering leaving over the tax. He also hasn’t challenged Prop 40 through political contributions.

DoorDash CEO Tony Xu, who poured almost $3.5 million into trying to prevent the wealth tax, was one of three members on the special committee negotiating with Zuckerberg.

Behind the money

Brin is single-handedly putting $102 million behind Building a Better California as it campaigns to sink Prop 40. This year, he’s also backed unsuccessful runs by Republican Chad Bianco and the moderate Mahan in the gubernatorial primary, plus Republican Steve Hilton’s campaign for governor. Federally, he’s given close to $450,000 to the Republican National Committee.

But before this cycle, Brin had been a sporadic donor, gone dark for many years. His last disclosed political donation in California was in 2010 — for $200,000 to join other Silicon Valley leaders in opposing an ultimately defeated ballot measure that would’ve suspended a state climate law.

Some of the billionaire donors — Slootman, Roblox CEO David Baszucki, Robinhood co-founders Baiju Bhatt and Vlad Tenev, Figma CEO Dylan Field, fintech executive Max Levchin and software founder Andrew Karam — have no history of spending on California politics before this year, according to state campaign records.

Tenev said in a statement that he donated to Building a Better California to support one of two other measures the group has advanced, which is designed to invalidate Prop 40 and would prohibit new taxes on various forms of personal savings.

“Special taxes on retirement and unrealized investment gains run contrary to the intent of the investment vehicles that have helped millions of Americans build wealth for the long term,” the Robinhood chief executive said. “History shows us that taxes aimed at a few have often been extended permanently to include more taxpayers over time.”

Another Building a Better California donor, Doerr, on the other hand, was a pioneer in shaping how Silicon Valley engaged with politics and Washington. He co-founded TechNet in 1997, which launched a political action committee as a key part of its strategy. Today, the influential industry trade association manages both federal and state-level PACs on top of a vast bipartisan lobbying network, with Google, Stripe and Kleiner Perkins among its many corporate members.

The wealth tax has also brought former Sequoia venture capitalists, Michael Moritz and Doug Leone, onto the same side after they previously diverged on California’s partisan redistricting fight at the ballot last year. They spent $7.5 million and $100,000, respectively, on groups fighting Prop 40.

Leone is a prolific Republican donor who re-endorsed President Donald Trump in 2024, while Moritz has consistently criticized Trump and chided his supporters in Silicon Valley for making a mistake.

No less than a dozen of the billionaires spending on groups that oppose Prop 40 are current CEOs — including DoorDash’s Xu, Roblox’s Baszucki, Robinhood’s Tenev, Stripe’s Collison, Affirm’s Levchin, Schmidt of rocketmaker Relativity Space, Hemant Taneja of top venture capital firm General Catalyst, Field of design platform Figma and Parker Conrad of HR software provider Rippling.

Collectively, they’ve plowed at least $88 million into their cause.

Several more of the billionaires in POLITICO’s analysis chair influential companies and firms. The opposition effort has received $40 million from Doerr, the Kleiner Perkins venture capitalist; $17.5 million from Larsen at the crypto company Ripple; and $2 million from George Marcus at the Bay Area real estate titan Marcus & Millichap — to name a few.

Will they come together again?

Whether the campaign infrastructure built by billionaires and the tech industry for the midterms will endure is still an open question.

Other new tech-funded groups this cycle have promised to play the long game and framed their plans around at least a decadelong horizon. Building a Better California itself has also committed to sticking around for the foreseeable future.

California political observers point to the size of the Brin-backed operation, as well as its decision to focus on additional environmental and housing measures, in predicting it won’t stop after the election.

Still, the unprecedented nature of their mobilization raises questions about what cause would be able to activate so many of these individuals again. Donors and advisers to Building a Better California previously clashed over whether spending on non-wealth-tax issues, such as environmental policy, could jeopardize the group’s success.

In the past, “if you look at those big dollar campaigns, ballot measure campaigns, those were funded in general by an industry,” said Jim Ross, a Bay Area-based Democratic consultant. “Wherein this, it’s a bunch of individuals, very wealthy individuals, but they don’t necessarily have any commonality other than they don’t want to be taxed.”

“When you have a group of wealthy people all putting money into this, a lot of the challenge is going to always be: How do you manage that coalition? How do you keep everybody moving in the same direction?” he added.

One ready answer is a revived wealth tax effort.

Last week, Rippling CEO Conrad said in a social media exchange with Silicon Valley Rep. Ro Khanna, whose early support for the wealth tax alienated some of his original tech backers, that he “absolutely cannot afford to stay” in California — reasoning the measure may soon be followed by another one-time tax in the next election.

Slootman made a similar calculation.

“In a one-party state with super majorities in both chambers, we are at risk for everything we own,” he said. “We are hunted animals in this state. They will be at it again in two years.”

Rosmery Izaguirre contributed to this report.

About this analysis

POLITICO’s analysis compiled records from the California secretary of state for 142 California billionaires that have contributed to state campaign committees, including 30 who had given to the following committees opposing Proposition 40: Building a Better California, Californians Against Tax Increases and Golden State Promise. Reporters reviewed donation records to verify names and employers matched with the billionaires who live in the state, as well as contacted each donor. Donations are as of Oct. 26.

Forbes estimated the wealth of the persons included in this analysis. Because billionaires often own properties in multiple states, we relied on Forbes to identify each person’s residence and supplemented with further data provided by the progressive nonprofit Americans for Tax Fairness. We included people who have recently left the state, including cases when they said they were leaving to avoid the potential wealth tax.

LONDON — U.K. Chancellor John Healey has moved to crack down on a loophole exploited by overseas sellers to avoid paying VAT. 

“I will strengthen the requirements for online marketplaces so that sellers cannot avoid paying VAT when they sell online,” Healey said in Wednesday’s budget.

From October 2027, online marketplaces like Amazon, eBay and Temu will be responsible for collecting tax owed by all retailers with an annual turnover of more than £90,000 through a single marketplace.

Previously, these marketplaces only had to collect VAT on behalf of overseas sellers and not domestic ones. Some overseas sellers then exploited this gap to avoid paying the tax by registering as U.K. based companies.

The government plans to reinvest the savings made from this policy into the high street through reductions to business rates.

The government launched an eight-week consultation into extending VAT online marketplace liability in June, after mounting pressure from retailers. 

Amazon estimated that up to £3.2 billion of sales across online retailers in the U.K. are made by sellers avoiding VAT collection — costing the Treasury hundreds of millions each year in lost revenue. 

The move to close the loophole brings Britain closer to approaches adopted in Switzerland. The European Commission is also due to review its marketplace VAT collection rules next year. 

Monica Ariño, director of U.K. public policy at Amazon, said: “This is an important step towards closing a loophole exploited by bad actors and creating a level playing field for the thousands of UK small businesses that sell in our store. We look forward to continuing to work with HM Treasury and HMRC to make the changes effective, practical and fair.”

This story has been updated

LONDON — John Healey wants to keep his debut budget low-key — but he’s also got to show the British public his boss really does feel their pain.

The chancellor delivers the first financial statement of the Andy Burnham era Wednesday. The pitch? “Breathing space for today” mixed with some “fresh hope for the future.”

But with war in Iran driving up costs worldwide, government borrowing at its highest level in a year, and businesses warning they’re taxed to the max, Healey is up against it.

Here’s how POLITICO’s team of reporters will be poring over the big fiscal moment, unveiled at 12.30 p.m. U.K. time Wednesday.

U.K. Political Editor Dan Bloom

I’ll flip straight to the big table two-thirds of the way through the ‘red book,’ where Treasury officials list the total tax rises and spending cuts, and then the “headroom” against Healey’s fiscal rules in the executive summary.

The briefing suggests these numbers will be smaller than the £26 billion in tax rises and £23.6 billion in headroom former Chancellor Rachel Reeves notched up in March this year.

The Treasury has turned this into its comms strategy, pointing to “everyday fixes” and non-tax measures like scrapping business red tape. But these numbers will also show how Donald Trump’s war in Iran has reined in Burnham’s ambitions.

And they are indicative of something else — the budget just isn’t the main event this time. In the next seven weeks or so we’re expecting [former minister] Alan Milburn’s review of the benefit system, a U.K.-EU summit, a “10-year plan” and a white paper on “rewiring the state.”

Then next year is the spending review. That’s when the really hard choices will come — and the budget will give us a sign of how hard, since it will map out a path for departmental spending over the next few years.

U.K. Political Correspondent Sam Blewett

Andy Burnham’s team has been speaking a lot about “everyday fixes” — cheapo policies that can rectify real-life niggles. 

Headphone dodgers? You’re fined. Being ripped off by parking fines? We’ve got your backs. Balking at the cost of the supermarket shop? Gone are the tariffs on your gherkins.

That will buy the government a fair amount of goodwill, building a sense that the government isn’t entirely a useless beast being buffeted by global horror shows. But it’ll only go so far.

Healey is under pressure to show bold action on what really matters too — actual interventions that bring down the cost of living. We know already there will be support for household energy bills, a fuel duty freeze, support for pensioners and a hike to the minimum wage. All eyes will be on whether Healey has any more surprises on this front.

As costly as any support is for the exchequer, will it all pale in comparison to the effects of the Strait of Hormuz-sealing war with Iran? This is a self-declared “cost of living government” after all.

First, I’ll scour watchdog the Office for Budget Responsibility’s forecasts to see where the semi-official number crunchers reckon real household disposable income is headed. Then the analysts at the Institute for Fiscal Studies and the Resolution Foundation will provide more insight.

After that, the voices that really matter will be those sitting down to ever-costlier dinner, nursing pricy pints and rolling their eyes at the petrol pumps. Will this budget give Brits enough reason to believe Burnham’s new government is a force for good, trying to ease the pain? Or will they deem the new-look administration just the same old ineffective bureaucrats who need sweeping away in favor of a more radical response?

Senior Foreign Correspondent Esther Webber and U.K. Defense Reporter Mason Boycott-Owen

The number one thing we’ll be looking out for in today’s budget is how exactly Healey — who quit as defense secretary in the dying days of Keir Starmer’s government over exactly this issue — tries to demonstrate he is raising defense spending against a tough backdrop.

The chancellor has tried to manage expectations for the Ministry of Defence at the budget pretty closely, initially stating that he would only seek to cover a £4.7 billion pound shortfall in its already-unveiled Defence Investment Plan.

In recent weeks, however, the Treasury has suggested he could do more to show the U.K. is moving towards spending 3% of GDP on defense, something Healey sees as an important marker on the way to meeting the NATO target of 3.5%.

Media reports leading up to Wednesday suggest an increase will come from money funneled into the British Business Bank and National Wealth Fund.

But could he have something else in his back pocket? Healey is well aware of the potential for awkward questions about his commitment to follow through on the promises he made just four months ago that he said were crucial to U.K. security, now that he’s in charge of the money.

Financial Services Reporter Eleanor Myers

A hike in bank taxes is all but inevitable in today’s budget – but the City of London will be nervously watching how high the increase goes. Along with the lenders, I’ll be looking out for how much taxes are raised, whether any changes are temporary, and whether the City — Britain’s financial powerhouse — gets anything in return.

The easiest move for Healey is to increase the surcharge banks pay on top of corporation tax. That currently stands at 3%, after Conservative Chancellor Jeremy Hunt reduced it from 8% in 2023 to account for higher corporation taxes. Healey could simply reverse the surcharge to 8%, which would be unpopular with the banks and might not even go far enough for campaigners: the Trades Union Congress has called for an increase to 16%.

I’ll also be closely watching for how the bond markets react to the first budget under Burnham. Despite the prime minister describing Britain as “in hock” to the bond markets before he took office, odds are on for a “boring” budget, without any huge spending commitments that might spike borrowing costs.

But any cautious policy changes designed to placate the bond market will have to be tempered alongside demands from the Labour Party. It’s a tricky balance, and Labour MPs showed under Keir Starmer that they were willing to rebel when it mattered.

Senior U.K. Energy Correspondent Charlie Cooper

A sharp, painful spike in energy bills is coming for Britain; at this budget we’ll find out how much power Healey and Burnham have to help.

The latest energy price cap forecasts are brutal. Energy firms expect average, annual household bills to rise by more than £450 in January. They could go even higher in April. Why? Mainly because of gas. The fallout from the U.S.-Israeli war with Iran has sent wholesale prices soaring to levels not seen since December 2022.

Healey knows how bleak things look, but he may not have the fiscal firepower to offer much help. Burnham has hinted at removing gas standing charges from bills, which could save an average household a modest £27, according to one estimate. Meanwhile, payments to around 6 million low-income households — the Warm Homes Discount — are likely to get a top-up of between £100 and £150.

Businesses, meanwhile, could get details of a 10-year plan to bring their energy costs into line with European competitors, according to two people familiar with budget preparations.

But with the cost of living and cost of doing business set to rise so high, will that be it?

There’s “strong awareness” inside government “of how bad it will get,” said one senior government official. Unfortunately, they added, there are “not the pockets deep enough to do all the things we might like to do.”

Elsewhere, we’ll be watching closely to see whether net zero schemes — like the rollout of electric heat pumps — could face cuts to cover shortfalls in defense spending. 

Technology Reporter Joseph Bambridge

Healey put AI and innovation at the heart of his growth plan in a pre-budget speech back in September.

In that vein, the government has trailed a £600 million spending package to protect the U.K. from AI risks while growing its own share of the sector, calling it a “distinctively British” approach to mitigating risks from the technology while capturing the benefits.

The question now is whether more measures to support the U.K.’s tech and AI sector will come on Wednesday, with trade groups calling for bold moves to lower energy costs, tackle energy and planning delays, and help firms invest in AI and upskill workers.

Startups are also hoping for tax relief and further reforms to regulation and procurement rules. A relief for founders who re-invest their earnings in the U.K. has been a particular demand from the startup community, which has already bagged a win after Healey ruled out raising capital gains tax.

AI is also likely to play a significant role in the government’s plans to make Whitehall more efficient, as it did under Reeves.

The sector is also closely watching how the chancellor plans to meet his defense spending targets, in the hopes that drone makers and military tech firms might benefit from the uplift.

Trade Reporter Caroline Hug

I’m looking out for the chancellor’s VAT crackdown on foreign sellers, who register as U.K. based companies to avoid paying the tax. Healey is expected to make online marketplaces like Amazon, eBay and Temu responsible for collecting tax owed by all retailers.

We’re also waiting to see whether the government has more information on its de minimis crackdown, including whether it will introduce a handling fee for small packages below £135. The EU already has one in place.

Finally, we’ll be looking out for any more detail on the government’s suspension of tariffs on more than 100 food, drink, fuel and fertilizer products.

BRUSSELS — The European Commission is exploring whether to use revenue from a global tax agreement on multinational companies to finance the EU’s next seven-year budget, four EU diplomats with knowledge of the proceedings told POLITICO.

The idea could facilitate an agreement on new EU-wide taxes, known as own resources, which has emerged as a major stumbling bloc in the ongoing budget negotiations.

The European Council President António Costa has urged countries to approve the new taxes to reduce national contributions to the bloc’s budget, which is worth €1.82 trillion according to the latest proposal from earlier this month.

Costa, who is brokering budget talks, is pressuring leaders to reach a budget deal among themselves by the end of the year — before elections in Poland, France and Italy threaten to derail the negotiations.

Yet after more than a year of haggling, EU governments are still at odds over five proposed new taxes that the Commission estimates would generate €65 billion per year. 

Among the options on the table, a corporate tax known as CORE — which charges a lump sum on companies’ revenues exceeding €100 million — has emerged as the most unpopular option and is particularly toxic in Germany.  

To break the deadlock, French President Emmanuel Macron supported funneling part of the tax on multinationals to the EU budget during a leaders’ summit in October, said two of the diplomats. They were granted anonymity, like others, to discuss the sensitive plans.

Supporters argue that this idea could garner more political support than CORE as it targets companies’ profits as opposed to their revenue.

“The corporate income tax is about taxing companies based on their profitability. CORE is not about that, CORE is about taking a toll blindly,” said Pascal Saint-Amans, a former OECD official and one of the architects of the global tax arrangement.

The tax deal

Under the OECD tax deal from 2021, EU countries are compelled to levy a 15 percent minimum corporate tax on large multinationals with an annual turnover exceeding €750 million.

Controversially, the U.S. secured an exemption from the rules as it introduced a national tax arrangement that was deemed equivalent to the OECD framework.

The end goal is to prevent countries from competing to offer lower and lower corporate tax rates to attract large multinationals.

Historically, many foreign multinationals operating across the EU such as Apple and Google have set their headquarters in Ireland because of its low taxes and light-touch regulation.

To tackle this phenomenon, the OECD deal compels countries undercutting the 15 percent rate to levy a “top-up tax” on large foreign companies. Currently, the revenue is collected by national governments.

However, European capitals could funnel part of these proceeds to the bloc’s budget, the diplomats said. 

This could hit countries such as Ireland and the Netherlands which charge low corporate rates and collecting large sums from the top-up tax. The Dutch government alone collected €449 million in 2026 from returns related to the global minimum tax, according to Bloomberg.

Saint-Amans defended the potential new own resource on the grounds that the multinationals’ “activities are taking place in Ireland, but are about managing the EU markets.”

“That’s how I believe that it could make sense to visualize” the top-up taxes, he added.

Costa’s team and the Commission are looking into this option ahead of bilateral discussions with EU countries starting next week.

Costa will test the waters with governments before proposing new budget figures and EU taxes ahead of a leaders’ summit on Nov. 26 and 27.

LONDON — Liz Truss claims the U.K. would have managed successful missions to Mars within years — if only her 49-day premiership hadn’t been cut short.

The assertion comes in the former British prime minister’s new book “Bank Job,” which was published Monday and claims to explain “how the Bank of England broke the bond market and brought down the government” when her mini-budget in 2022 precipitated market turmoil.

In its closing chapter, the book paints a vivid picture of what Truss believes life in 2040 would be like if her policies had been given a chance to bed in. “Several missions to Mars have now been launched from Britain’s space port,” Truss’ book imagines.

The ex-PM also opts for some more grounded policy dreams.

She envisages a 2040 in which “there are now no European Union laws in Britain,” a “permissive regime for artificial intelligence” is in place, and tumbling energy costs and faster planning timelines have helped make the U.K. a leader in AI.

“Bitcoin received tax treatment consistent with its status as a form of money for commercial purposes,” she imagines. “No central bank digital currency was introduced.”

Since leaving office after a revolt in her own party, Truss has dismissed claims her economic decisions — which included a huge energy bills bailout and tax cuts funded by fresh borrowing — were responsible for crashing the pound.

She has instead pointed the finger at the central bank, the Treasury and the Office for Budget Responsibility watchdog, accusing them of working against her. Her new book takes direct aim at the Bank of England, which proposed to sell £80 billion of gilts before the mini-budget, although delayed that sale amid market turmoil.

Truss lost her House of Commons seat at the 2024 general election, and has since been involved in launching the Conservative Political Action Conference in Britain.

LONDON — Andy Burnham pledged to bring back hope when he entered Downing Street. Labour MPs are feeling it — for now.

The British prime minister is approaching 100 days in No. 10 this week with his party believing things are on the up.

Keir Starmer was toppled earlier this year after disastrous local election results precipitated a loss of confidence in his administration.

Disgruntled Labour MPs warned their new leader must show up, listen to them and accept some disagreement to avoid repeating his predecessor’s mistakes.

POLITICO sets out the four reasons Labour MPs are feeling more chipper under Burnham — but they still see potential pitfalls ahead.

Some of the dozen parliamentarians interviewed by POLITICO for this piece were granted anonymity to speak candidly about the internal party matters.

1) Disagreement is tolerated

MPs reckon Burnham’s administration is more willing to recognize different views within the broad church Labour Party.

Burnham himself told a Parliamentary Labour Party meeting that disagreement is fine as long as MPs speak to him about it, according to Simon Opher — a 2024-intake MP and member of Mainstream, the soft-left faction supported by Burnham when he was Greater Manchester mayor.

“It sounds weird, but that is a remarkable difference from what they had before,” Opher said, claiming he felt a “slight climate of fear” early in his political career.

Starmer infuriated MPs when weeks after taking office he suspended the whip from those who voted to scrap a two-child benefit cap — only to U-turn earlier this year.

By contrast, Kim Johnson, a member of Labour’s left-wing Socialist Campaign Group faction, points out she wasn’t sanctioned after abstaining on the government’s Courts and Tribunals Bill earlier this month because she believes it still weakens the right to trial by jury.

“You’re not feeling you can’t do that or risk losing the whip,” she said.

Of course, Burnham’s appetite for disagreement hasn’t been fully put to the test.

He entered No. 10 at the start of the summer recess, when MPs were away from Westminster, and there was a month-long conference recess when they returned to SW1 in September.

And MPs don’t want a totally laissez-faire regime.

“I didn’t get into politics to sit in a room and just agree with each other,” said another 2024-intake Labour MP. “I don’t think you get good policy by just sitting around like nodding dogs.”

But they said they “genuinely believe in collective responsibility,” and are “quite relaxed” about the consequences of voting against the whip.

Another backbench MP warns Burnham’s lax approach can only last so long.

“Andy is riding high still, he is not in [Nigel] Farage or [Zack] Polanski territory, he can afford for people to go ‘I don’t like this.’ It’s when the shit hits the fan, and the public are saying they’re not happy, then you begin to find the political patience wears out,” that backbencher added.

Burnham may yet regret his promise that the whips office will act as an HR department, the MP said, “because you want them to come down like a clonking fist.”

2) Ministers are more visible

Burnham’s team is making itself seen, his MPs report.

Whips have been calling them to check in, and Burnham himself has attended PLP sub-group meetings. Cabinet ministers have also been available for meetings.

Though another Socialist Campaign Group MP admitted “it’s a very low bar” for improvement. “Under Starmer, there was very little in terms of consultations, any discussions about anything at all.”

Mainstream member Alex Sobel said: “I’ve had more meetings with No. 10 — I’ve been to No. 10 North — in these three months than the entire time of the previous administration.”

Bill Esterson, who chairs the Energy Security Committee, said he had “regular conversations with No. 10” and that Burnham’s team had “engaged very fully” with committee chairs and the PLP more broadly.

A second 2024 intake MP said: “There’s definitely more of a concerted attempt for them to be reaching out and listening to us.” The days of being viewed “as the legal necessity to get legislation through” are over.

3) Burnham’s political instincts

MPs reckon they’ve had an upgrade when it comes to raw political instincts.

“There’s a feeling that we’ve got a guy up front who we can get behind,” said Opher.

“He understands how politics works,” he added, citing the decision to delay approval for drilling at the Jackdaw gas field until after the Holborn and St Pancras by-election, where Labour faced a challenge from the Greens. “Andy’s much more savvy on what he’s doing.”

Backbenchers also claim to feel more confident they won’t get caught in the Starmer flip-flop policy trap.

The unnamed Socialist Campaign Group MP quoted above is still smarting over the “absolutely awful” two-child benefit cap vote, where rebels lost the whip only for it later to become government policy.

The first 2024-intake MP reckons Burnham is better able to communicate difficult trade-offs, like altering the triple lock to fund social care.

4) Voters are giving Labour another chance

It is ultimately Burnham’s popularity with the public that has fed into the positive mood.

Many Labour MPs “agreed with the punters on the doorstep” about Starmer’s inadequacies, Opher said. Data showing Labour has retaken the opinion poll lead from Reform UK has boosted their optimism. “It doesn’t feel like a party that is about to be ripped apart,” he added.

The first 2024 intake MP said: “It has given us the right to be heard,” said the first 2024-intake Labour MP quoted above. “People feel warmly towards Andy, which is half the battle. I think they trust his good intentions.”

Some flashpoints ahead…

1) The budget

Burnham can only coast on the good vibes for so long, and the first test of tough political choices comes Wednesday in the budget.

MPs on the left see the economic statement as a “crunch point” that will show if the chancellor will put his money where the PM’s mouth is.

“If there’s an attempt to take money from ordinary people who’ve got nothing and no attempt to get finances from people who have got far too much, then probably there will be some sort of opposition”, said the unnamed Socialist Campaign Group MP previously quoted. They hope to see the already trailed bank tax confirmed, or a wealth tax.

They warned that any decisions on what to cut and where to spend will pose “challenges from both sides of the PLP.”

“The measure of Andy Burnham is how he deals with it,” they added.

2) Welfare

Burnham wants to avoid a repeat of the botched attempt at welfare reform which severely weakened Starmer’s authority.

A long-awaited review by former Cabinet minister Alan Milburn into young people not in education, employment or training (NEETs) will be published shortly with recommendations.

Milburn — alongside Work and Pensions Secretary Pat McFadden — has been trying to ensure communication is better.

“Pat has done an excellent job at building a consensus, rolling the carpet, setting out the argument, setting out the moral case, but he was doing that before the change of administration,” a third 2024-intake Labour MP said.

The second 2024 Labour MP quoted above said most colleagues “feel like it’s a decent stab at it and it’s not come out of the blue.” Reasonable critics “were just getting stonewalled” last year.

Esterson, who’s served in parliament since 2010, said regular engagement means “it’s not surprising that you get the benefit of the doubt far more often than if you don’t.”

3) Europe

Burnham’s admission that a future Labour manifesto could commit to a referendum on EU membership is already opening old Brexit wounds — and not in the way Labour wants.

The Socialist Campaign Group MP previously quoted is uneasy about its potential to spark further division. “It nearly ripped the country apart and I’m not sure if it’s the right thing to do [to] reignite that horribleness in each constituency,” they said.

The third 2024-intake Labour MP quoted above concurred. While people want a closer relationship with Europe, they believe rejoining is a “different kettle of fish” and jars with constituents who want “better public services and more economic growth” rather than continental renegotiations.

4) Energy

Energy policy has already become a flashpoint. The decision to approve the Jackdaw gas field was met with some dissent. A decision about the larger Rosebank oil and gas field is still looming.

Sobel told POLITICO’s London Playbook it “won’t make an impact on global prices and will give mixed messages in terms of investment in terms of both renewables and decarbonisation of home heating.”

Left-wing Labour MPs also signed a letter to Energy Secretary Miatta Fahnbulleh urging her to reject the licenses due to climate change. “Every second we continue pumping fossil fuels into the atmosphere makes the crisis more severe,” the letter organized by Chris Hinchliff said.

The second 2024-intake MP quoted thought ministers are acting in good faith.

“They’ve got one go at government and they seem to be doing their absolute best to give it a good whack,” they said.

Sam Blewett contributed reporting.

France has become the new sick man of Europe just in time for its next presidential election.

After two weekends that saw hundreds of thousands of protesters hit the streets demanding the government increase teacher salaries, fix run-down schools and help subsidize the rapidly rising cost of living, the European Union’s second-biggest economy is being dragged into a vicious cycle of twin fiscal and social crises that are fueling each other.

“France is on the brink of a financial crisis,” former Prime Minister Michel Barnier told POLITICO. “We need to send a signal to the markets.”

Authorities were able to prevent the type of rioting and looting this past weekend that marked the first round of demonstrations Oct. 17-18, but financial markets are spooked. Even before the demonstrations began, investors were dumping French debt or demanding historically high returns because of the government’s failure to significantly cut a stubbornly high budget deficit, bring down €3.5 trillion of debt, jumpstart growth and reform an unsustainable pension system.

The prospect of a presidential runoff next spring featuring far-right front-runner Marine Le Pen and her far-left rival Jean-Luc Mélenchon, who is in the mix for second place according to most polls, is further scaring investors. Both candidates want to spend billions to lower the retirement age.

The rioting, for now, is estimated to have cost tens of millions of euros, much of which will be covered by insurance. But the chaos is pouring fuel on an already explosive situation by sending worrying signals to investors, especially if the civil unrest continues. The Yellow Vest protests of 2018 to 2020, which came early in President Emmanuel Macron’s tenure, cost the French economy 0.1% of gross domestic product, with shops reporting losses of €2 billion.

“It is clear that protests have an impact on markets,” Eric Lombard, who served as economy and finance minister last year, told POLITICO.

Given that current Prime Minister Sébastien Lecornu’s proposed budget for 2027 already includes €43 billion in savings, leaving little room for more cuts, the government is faced with an impossible choice: Borrow more money and saddle the next generation with billions of euros in interest payments, or hope the protests die out on their own.

“We have a knife to our throats, and we can feel the drops of blood on our jugular,” said a government minister who was granted anonymity to discuss the current situation.

“We need to show that we’ve heard the outrage. But we have little margin for maneuver given the market situation.”

Playing with fire

Mario Monti, who faced a similar situation as Italian prime minister and managed to avert a financial crisis in 2011 with spending cuts and a pension reform, told POLITICO that “things can go very fast.”

Back then, the spread between Italian and German 10-year bonds — an indicator that measures how risky one country’s debt is compared to historically safe Germany — shot up from around 150 basis points to more than 500 within a few months, Monti recalled. The spread between French and German debt was 169 basis points when markets closed on Friday, while the yield on France’s benchmark 10-year bond hit 5.14% the previous day, the highest level since 2002.

France has long been seen as the EU’s “spoiled child,” Monti said, taking advantage of its political and economic weight to bend or break the bloc’s fiscal rules. But few had thought a country that big and powerful would end up on the front line of a European debt crisis.

While the ability of the European Central Bank to buy government bonds on the secondary market under certain conditions gives it a powerful tool to avert a eurozone crisis, Monti says French voters must recognize that a sovereign debt crisis in their country is no longer the stuff of fiction.

“The major problem is that the public is not concerned enough with this risk,” Monti said. “France is not psychologically ready to view itself as the target of a crisis or even as the starting point of a crisis that could spread.”

That malaise isn’t just economic: Many indicators show France has lost confidence in itself.

According to a poll last month, 9 out of 10 French people are pessimistic about the future and believe their children will be worse off than themselves. A pan-European study conducted earlier this year found that only half of French respondents feel pride in the democratic system, compared to two-thirds of Germans and close to 70 percent of Britons.

That pessimism has pushed voters toward more extreme candidates like Le Pen — whose economic platform has been panned by some economists as unrealistic and unserious — and Mélenchon, who wants to set French debt “on fire.” According to POLITICO’s Poll of Polls from earlier this month, Le Pen enjoys the support of 34% of voters while Mélenchon has 15% — meaning nearly 50% of the electorate intends to vote for an anti-establishment figure. Center-right candidate Edouard Philippe, arguably the best-placed mainstream figure to take on Le Pen, has tried to sell himself to voters as a candidate of fiscal discipline who is unafraid to address tough truths. But his campaign has struggled to find its footing.

Doom loop

The officials, lawmakers and diplomats POLITICO spoke with all agreed that France was not at risk of a Greece-like scenario forcing the government to stop paying officials and creditors. But it could very well experience a crisis similar to the one in Italy when Monti replaced Silvio Berlusconi in 2011.

“We are not yet a banana republic which risks filing for bankruptcy,” said veteran centrist lawmaker and budget expert Charles de Courson.

But during rioting earlier this month, in front of the shattered window of an already ransacked supermarket in Paris’ hipster 11th arrondissement, a man with no apparent connection to the shop was encouraging passers-by to go in and steal what they needed. A few meters away, the owner of a Chinese restaurant locked the door behind each client to make sure the rioters couldn’t get in.

These are scenes one would expect in a country on the verge of a sovereign debt crisis, not a member of the G7. Watching from Brussels, Washington or New York, diplomats and economists recognize that Paris will likely fail to bring its budget deficit down to 3% of GDP by 2029 as it previously promised to the EU.

De Courson said France has “lost all credibility” with its European partners when it comes to fiscal issues. Lombard, the former economy minister, said “we failed to honor our commitments,” but held out hope that things could change.

“On behalf of the French people, we made commitments to get the finances back on track, but we didn’t keep them. I was very much in favor of honoring my commitments. But collectively, we didn’t do that,” Lombard said. “So we put ourselves in a position of weakness.”

Mark Carney’s pursuit of a global alliance of middle powers has a Europe problem.

Canada’s prime minister wants to help build a new world order that can counterbalance the power of the United States and China. But his vision depends on a new relationship with a Europe that doesn’t see itself as a middle power at all. 

European Commission President Ursula von der Leyen has a different vision: a Brussels-centered bloc that extends the EU’s economic and geopolitical influence, starting with Canada. The idea, according to senior European lawmaker Siegfried Mureșan, is to create an opportunity for the EU to become the “global center of gravity for liberal democracies.” 

The competing visions will be tested this week when Carney and von der Leyen meet in Montreal for a summit intended to chart a new course for transatlantic relations. Both want to demonstrate they can prosper in a world upended by U.S. President Donald Trump. But they have different ideas about their curious new alliance — and face political resistance that could limit how far the partnership can go. 

Von der Leyen’s offer of “associate membership” in the EU surprised officials on both sides of the Atlantic. Four diplomats told POLITICO they were not consulted before she floated the idea in the State of the Union. The officials added that they don’t understand the label, which has yet to be defined. Germany has since led pushback on the plan.

“We’ve definitely put the cart before the horse,” one of the diplomats said. “We’re announcing something and then figuring out how to flesh it out.”

Trump called the membership idea “laughable,” but also threatened “very serious tariffs” should it come to be — a reminder that leaders in pursuit of Washington workarounds must avoid provoking the White House. 

The leaders are under pressure to leave Montreal with more than a liberal democratic photo-op. For starters, they need to decide what “associate membership” means — and disarm resistance in the EU capitals blindsided by von der Leyen’s plan.

Canada’s Ambassador to the EU Jonathan Wilkinson told POLITICO last month that people got too hung up on a label that was revealed prematurely. Carney called the Canada-EU relationship an “alliance for the future” when he addressed European lawmakers in Strasbourg.

Wilkinson said the Canada-EU project will show other democratic nations how to deepen partnerships. “It ties into very much what [Carney] talked about at Davos — and after Davos.”

Carney, von der Leyen and European Council President António Costa have two days to chart what’s next while American foreign policy continues to stress test geopolitical relationships in midterm campaigns that will shape Trump’s last two years in office.

The economic divide 

Ottawa considers the EU an obvious partner in its push to diversify trade away from the U.S. There’s already a free-trade agreement that both sides view as being underutilized. 

Leaders gathering in Montreal this week will celebrate the 10th anniversary of the Canadian-EU trade agreement, nicknamed CETA. But nine EU member countries have yet to ratify the deal, underscoring the challenge of turning rhetoric into reality. 

“We have shared challenges and many more shared opportunities,” Canadian International Trade Minister Maninder Sidhu told reporters last week in Dublin, where he was invited to participate in an informal meeting of EU trade ministers, a preview of what a more integrated Canada could look like. “Canada wants to be Europe’s most reliable partner.”

Sidhu said CETA utilization rates in EU member countries range from 60% to 80%, making a point about room for improvement and perennial challenges. “We know there’s room to grow.”

Von der Leyen’s associate membership plan “has been coldly received by member states,” a senior EU official said. “It [the summit] is more about what we do, how we can use the real potential of the CETA agreement.” CETA has been provisionally in force since 2017.

Trade talks between Canada and the bloc read like a lengthy transatlantic grievance list.

At a meeting between Brussels and Ottawa last October, the EU complained about Canadian taxes it says disproportionately hit European carmakers, opaque cheese-import quotas, cumbersome rules on cosmetics and what it considers discriminatory provincial taxes and markups on European wines and spirits.

Canada, meanwhile, warned that the EU’s deforestation rules could burden its exporters, questioned the impact of Brussels’ carbon border tax and pressed for greater recognition of Canadian standards in areas including AI.

The senior EU official described the relationship as constrained by “irritants and unfulfilled promises” that must be resolved if the two sides are to make progress.

There are hurdles ahead. Even as Canada and the EU imagine a deeper economic and security partnership, both are pursuing industrial policies that could shut the other’s companies out of lucrative public contracts — death by compounded trade barriers.

Brussels has concerns about Ottawa’s “Buy Canadian” initiatives and their compatibility with the EU-Canada free trade agreement. “Some member states didn’t like the ‘Buy Canada’ thing from Carney,” the official added.

Canada is likewise uncertain whether its companies will qualify for the EU’s proposed “Made in Europe” preferences foreseen in a major industry bill that would seek to channel public procurement spending to European companies. The EU is divided over whether to extend those preferences to trusted trading partners, a topic that is expected to come up in Montreal.

Canadian business leaders recognize the domestic appeal of “Buy Canadian” in the face of Trump’s threats, but warn there will need to be concessions.

“It’s something that will have to be resolved in order to move the relationship deeper, particularly with respect to industrial cooperation or collaboration,” Mark Camilleri, president of the Canada EU Trade and Investment Association, told POLITICO.

Camilleri likened the 10-year-old CETA deal to a garden overgrown with weeds. “It pains me to see market access being eroded through Canadian and European preferences,” he said.

Pressure is on

European and Canadian leaders are under pressure to deliver wins this week that demonstrate that “non-hegemons” — a descriptor Carney used in his Davos speech — can survive and thrive in an age of great-power rivalry.

Canadians currently support closer ties with Europe. But the EU faces political headwinds of its own, from fraught budget negotiations within the bloc to right-wing populist movements that are picking up momentum in some of its biggest economies.

One likely deliverable is a new digital trade agreement. Talks launched in March and were still underway last week. But the agreement lacks substantive text on artificial intelligence, leaving the two sides to find other places to cooperate, potentially through the EU’s proposed Cloud and AI Development Act. That proposal seeks to reduce reliance on U.S. tech giants, raising the risk of a new row with Washington. 

The European Commission is also pushing for Canada to join Erasmus+, the bloc’s student exchange program, according to one EU official. Carney has already publicly expressed interest. 

But Brussels has bigger ambitions for the partnership. The EU is pressing Canada to increase its funding for Ukraine, a test of Canada’s willingness to take on more of the security burden. 

For von der Leyen, securing that commitment would be a win. So would leaving the summit with a pledge from Carney to explore her offer of an “associate membership” — or whatever they end up calling it.

Zi-Ann Lum reported from Toronto, Sebastian Starcevic from Brussels and Camille Gijs from Dublin.

LONDON — When Prime Minister Andy Burnham arrived a few minutes late to a meeting with regional mayors on Thursday, his Cabinet ally Angela Rayner had a name for it. She joked they were on “Andy Time.”

The rest of Britain is beginning to learn what that feels like.

Burnham entered 10 Downing Street three months ago promising a “new economic model.” However, the prime minister’s first budget next Wednesday will ask voters to wait a bit longer for it.

John Healey, Burnham’s top finance minister, is expected to announce cuts to business regulation, new steps to move power out of Whitehall and targeted cost-of-living help as energy bills surge due to the wars in Iran and Ukraine.

But while London’s banking sector is resigned to a tax rise, Healey is broadly not expected to completely overhaul tax regimes that many in Burnham’s center-left Labour Party have long seen as unfair. These include business rates, which treat high street shops more harshly than out-of-town delivery warehouses; capital gains tax, which charges less on income from assets than from work; and council tax on homes, which is based on valuations from 1991. 

Healey and his allies are already rolling out a pitch for lower-key changes to tax and spending than his predecessor, Rachel Reeves, insisting budgets are about more than their bottom-line “scorecard.” They point instead to thinning the “sludge” of business bureaucracy and helping “bloody-minded” entrepreneurs.

The reason behind this is about much more than war dragging on the British economy and keeping inflation high. Many radical reforms just aren’t ready yet. 

Next Wednesday will mark just 100 days since Burnham took office, after a whirlwind special election that ended the Greater Manchester mayor’s decade-long absence from parliament.

Burnham’s much-touted “10-year plan” to rewire Britain’s public realm is far from finished; its publication date is edging closer to Christmas. And many granular details of his plan for reform — including higher defense spending, welfare reforms and ownership of the water sector — will only come at a multi-year spending review some time in 2027. Healey is still trying to decide when that will happen.

POLITICO spoke to 22 current and former government officials, MPs and people who speak regularly to Downing Street to map out Burnham and Healey’s strategy, most of whom were granted anonymity to speak frankly. 

Several offered the view that Healey’s budget was designed to act as a stepping stone toward the 10-year plan and spending review, while not spooking the bond markets — which Burnham complained Britain was “in hock to” last year. That is despite Britain inching closer to a general election that the prime minister must call by summer 2029.

“They want it to be a non-event,” one person who speaks regularly to both 10 and 11 Downing Street said of the budget. 

Expectation management

This narrative has already left Healey’s allies bristling.

People are “accusing us of not making decisions and kicking the can down the road when actually this budget is incredibly difficult,” said one government official. This person added: “This is the first budget of this country that will have come to the House of Commons for scrutiny while the war in the Middle East is raging and an illegal invasion of Ukraine continues by Russia. The idea that this is by any means small is quite difficult to stomach.”

A second U.K. government official argued the budget would be “as ambitious as possible within the political context.” But a third government official said they believed the budget would be more “steady as she goes” than finished solutions to Britain’s problems.

Ruth Curtice, a former Treasury official who is now chief executive of the Resolution Foundation, a think tank focused on living standards, added: “In some ways it’s quite surprising to have such a small budget, given we have a new prime minister and chancellor and quite a lot has happened in the world since the last one.”

The opposition Conservative Party is preparing to seize on this “deferral budget” theme. Tory strategists are ready to paint it as a cowardly act from an administration they claim prefers sweeping vision to hard decisions. “Why act tomorrow when you can act today?” said one shadow cabinet minister. “Have some balls!”

Cameron Brown, a former Tory special adviser in the Treasury, was more sympathetic. “There’s no need to crystallize any kind of savings or cuts now,” when the spending review is looming anyway, he argued. Brown predicted a “tight and concise” but “intellectually coherent” package: “[Healey] will have some buffer at the end, a nice little cost of living package, Labour MPs will be happy, he’ll target the bad people — gamblers and banks — and he’ll push things down the road a bit.”

A Labour official voiced concern that a cautious budget could lose the goodwill Burnham has built with the public — as happened to his predecessor Keir Starmer, who promised “change” in his 2024 manifesto.

And Reeves’ former Political Secretary Matt Pound urged “caution” on deferring too many decisions to the 2027 spending review. “The truth is that they could end up putting a monumental amount of pressure on that spending review,” he told POLITICO’s Westminster Insider podcast in an interview released Friday. “There are already a lot of pressures they will need to fund.”

Hard to get

“Energy” will be the key thread linking Healey’s messages for the budget, a fourth U.K. government official said — from “breathing space” help with bills to building a more resilient infrastructure network. 

There will also be a “fiscal devolution roadmap” on budget day, setting out terms of how regional mayors can get more power and money and drawn up partly by Burnham’s new Manchester outpost, No. 10 North. Legislation to let them impose tourist taxes will be published in the coming weeks. And officials have talked behind the scenes about procurement and boosting Britain’s heavy industries; the budget needs to find almost £5 billion to plug a hole in a defense investment plan unveiled under Starmer.

Targeted cost-of-living measures appear likely to include scrapping “standing charges” on domestic gas bills, which cost the average household just over £100 a year. Burnham said Wednesday that he had asked Healey to look at the issue — though any help could be eclipsed by a predicted £276 rise in domestic bills this January.

The other message will be that the Treasury can do big, consequential things without raising taxes. Healey will make “a political argument that actually there are other types of budgets that you can have,” said the first government official quoted above, “busting through some of that sludge and ripping up a lot of that red tape.” Cash-strapped chancellors have reached for regulatory reform before, with mixed success.

MPs are looking closely at cost-of-living support. One backbencher in an affluent seat said any help had to be significant, because even their well-off constituents were struggling to take the holidays they wanted. Defense, by contrast, barely comes up on the doorstep: “There are hardly any votes in it, but it’s just something we have to do.”

There has been heavy engagement with Labour MPs, whose detachment from No. 10 helped force Starmer out in July. Treasury ministers Torsten Bell and James Murray are among those engaging while Chief Secretary to the Treasury Emma Reynolds handles tricky negotiations with Cabinet ministers, alongside No. 10 chief of staff James Purnell.

Healey has negotiated with Cabinet ministers and spoken to union leaders, banks and MPs — though not lobbyists. “No one can get to Healey,” said one. “It’s very smart. Let him do his job.”

Markets will look at the “headroom” — a snapshot of the buffer between Healey’s five-year plans and his self-imposed fiscal rules. The fourth official quoted above said Treasury officials have considered having only a small “headroom” buffer compared to the £21.7 billion left by Reeves, as it could be increased in future years. 

Reeves’ former political secretary, Pound, warned against this, telling Westminster Insider: “If the headroom is so low that it’s clear that they can’t clear the defense investment plan, for example, or the wider defense pressures, then I think that that could then start to have a bit of a knock-on effect that would be quite negative.”

However, headroom is merely a snapshot, often out of date by the time it is published. It is likely to be buffeted further by any events in the Middle East arising from the U.S. midterm results on Nov. 3.

And as with all budget briefings, some opposition politicians believe there is an element of expectation management. Conservatives suspect that headroom will come out higher than predicted — which Healey can paint as a victory.

Time is ticking

Then it’ll all be over — and Westminster will immediately start preparing for the next step.

A date was never confirmed for Burnham’s 10-year plan (beyond the latter part of 2026), but some officials believe it has already slipped slightly from the original intention. 

Downing Street and Cabinet Office officials remain determined to publish it in December, though some in Whitehall worry it might be delayed. “Knowing the things on the horizon and how big they are, I genuinely don’t see how you could make space for it,” said one official in another department.

While some Cabinet Office civil servants were first tasked to work on the plan in August, others only joined the team this month as it has grown, according to one person with knowledge of the staffing. Burnham’s ally Louise Haigh, the first secretary of state, is leading three “task forces” ahead of the plan on the cost of living, public control of utilities and the renewal of run-down high streets.

The 10-year plan won’t have all the answers, though. POLITICO reported this week that while it will contain a high-level vision, priorities and principles for the water industry’s future, much of the granular detail of how future ownership models will work is expected in the 2027 spending review. 

One Labour figure who has spoken to the government about the water industry said they believed ministers will choose “different horses for different courses” — an array of ownership models for various firms depending on how stricken they are. A second Labour figure talking to the government said: “You can’t do this in two years.”

The Labour official quoted earlier in this story said they feared the 10-year plan would be a let-down. “These big plans governments are always throwing forward to have a habit of turning out quite thin,” this person said. “At which point we all realize there was never a big plan all along.”

There are other plans to come, including an imminent plan to reform the welfare system by the former Labour Cabinet minister Alan Milburn, and a white paper in December that is due to set out a timetable, legislation and borders for plans to move more power outside Whitehall.

Devolution is one area where Burnham has moved quickly, pleasing many regional mayors. But some officials in the union movement fear that Burnham’s initial focus on devolution risks taking up bandwidth that could have been spent on other issues. A fifth government official added that they were worried all the conversations between different public bodies could crowd out the push for growth. They said: “I sit on Teams calls that are 30 people, all from different arms of the state. Sometimes I think — ‘You do know none of us are making this money?’”

‘Rubber hits the road’

Then there is the 2027 spending review. 

It will set out how the state allocates money across its arms for the next three to five years — turning these plans and the difficult trade-offs they require into reality.

The Treasury has previously confirmed it will set out the entire pathway to lift U.K. defense spending from 2.6% of GDP this year to 3.5% by 2035. It is also likely to address questions about Burnham’s pledge to create a state-funded national service for social care, funded by reducing the rise in the state pension.

There will be months of to-and-fro between Whitehall departments and a Treasury looking for cuts, efficiency savings or both to balance the books.

“The spending review is when the rubber hits the road,” said the fifth government official quoted above. “It’s already beginning. Departments are beginning to work out sacrificial lambs to offer up.”

Three people with knowledge of the conversations said Healey still hasn’t decided when in 2027 he wants to hold the spending review, though it is broadly expected no earlier than the summer. He has been privately musing with allies about the options.

Curtice said Healey’s options are essentially to hold a small fiscal event followed by a spending review next summer, or to hold a spending review with an annual budget simultaneously in fall 2027.

She added: “The big question we’ve posed for this budget — that we’re not necessarily expecting an answer to — is what is the spending total for the spending review that we know needs to come next year? Until we know the answer to that question, we don’t really know whether we can believe the path of tax and borrowing that is set out in the budget.”

Senior Conservatives argue the spending review will be so difficult that Burnham could call a snap election before it is due. He has insisted he will only force it in 2029.

Until then, much of the spending review work will fall to Reynolds. Her predecessor Darren Jones argued the existence of the 10-year plan and spending review meant it would be sensible for next week’s budget to be a little low-octane.

“The prime minister’s been clear that the 10-year plan is going to be the political strategy for the government,” Jones told POLITICO. “So I think it makes sense to do all of your public spending decisions after the publication of the 10-year plan. It would be odd if this October’s budget tried to deal with all the big trade-offs on defense, mayoral budgets, or more ownership of public utilities.

“So I think in many ways, actually the 10-year plan is more interesting this autumn in terms of the political strategy of the government. 

“And then 2027 will be the year in which ministers will have to start thinking about how to implement that strategy operationally, including in public spending decisions.”

Much of that will fall to Burnham himself.

Crowdsourcing

Rayner’s joke about “Andy Time” was not without cause.

Unlike Starmer, Burnham gets into the weeds of an issue even if it derails his schedule. The prime minister chews things over with colleagues so much that some have joked they could just remove his Downing Street desk, said the third government official quoted above. By contrast, Starmer used to retreat to No. 10’s first-floor study to read away from the hubbub.

Burnham’s approach can lead to Downing Street making decisions late in the day. One former No. 10 official said: “A Prime Minister needs to do 80 things in a day and if that goes to 60, then you end up massively behind.”

The flipside is that ministers and officials know what their leader actually wants from them — even if they are left to work out the detail.

“It’s like we’ve woken up from a political coma,” one backbench MP enthused. “I know what the prime minister thinks,” added the third government official quoted above.

Aides used to complain that Starmer, by contrast, tried to be efficient but would end meetings without setting a clear political direction. “Keir was always a stickler for time, even if the issue wasn’t resolved,” as one former colleague put it.

Kemi Badenoch, the Conservative leader, suggested this week that Burnham was failing to flesh out the detail behind his vision. “Talking about it is not making a decision,” she said of social care reform at prime minister’s questions. Burnham was visibly frustrated—insisting he was making the long-term decisions other politicians duck.

And for the prime minister’s allies and most of his MPs, the vibes remain good. The No. 10 environment is more relaxed and open. Junior ministers, in meetings over bacon sandwiches, feel they can share their views and be heard.

“There’s definitely still a buzz,” said the person who talks regularly to Downing Street, who was quoted earlier in this story. “But you don’t want to spend too much time buzzing while Rome burns. There’s a reality check that I feel is going to come imminently.”

Patrick Baker, Sascha O’Sullivan, Esther Webber and Emilio Casalicchio contributed reporting.

ROME — Former paratrooper General Roberto Vannacci portrays himself on social media as a Roman legionary and charioteer. He has declared he prefers women “without skirts” and posted an AI-generated image of a female junior minister with exaggerated cleavage.

None of these projections of masculinity and anti-woke culture are clumsy gaffes. The insurgent far-right star of Italian politics is making a deliberate play to the so-called manosphere to transform himself from an internet provocateur into a heavyweight political force.

For Italy’s first female prime minister, Giorgia Meloni, Vannacci now poses a serious problem as she needs to decide whether he is an asset or a liability. With elections expected next spring, his National Future party is polling at about 8%, making him a potentially crucial factor in building a right-wing coalition.

“It is disgusting to think you can manipulate the image of a woman for such deplorable propaganda,” the center-right junior minister in Meloni’s coalition whose image was manipulated, Matilde Siracusano, told POLITICO.  “I don’t think we have ever sunk this low, especially from someone aspiring to be a national political leader.”

Vannacci’s provocations may look like familiar trolling from a politician who has built his reputation on saying the unsayable. But behind them lies a broader political project, tapping into the grievances of young men who feel alienated by feminism and progressive culture.

Emanuele Pozzolo, a National Future parliamentarian who defected from Meloni’s Brothers of Italy, believes young men have become increasingly constrained in their relationships with women.

“I think young Western men are very often almost castrated in their instinct for dealing with women,” he said, arguing that even legitimate romantic approaches risk being treated as aggression. 

“The cultural problem is that sometimes everything seems to be harassment, everything abuse, everything violence,” he added, while stressing that genuine abuse must be punished.

Mediterranean patriarchy

Vannacci combines inflammatory online messaging and an alpha-male persona with a political program that promises to restore traditional roles for men and women. National Future even has a name for its preferred social order: “Mediterranean patriarchy.”

Its political program calls for the formation of “strong men” capable of controlling their emotions and passions, protecting women and sacrificing themselves for society. It opposes the recently introduced crime of femicide, condemns feminism, and declares the defense of life “from conception to natural death” and the “natural family” among its non-negotiable values.

The architect of this vision and principal author of the program is Lorenzo Gasperini, a conservative Catholic philosophy teacher from Tuscany, who has opposed vaccines and abortion rights on social media and blamed feminism for violence against women.

The result is a political offering that combines different traditions: conservative Catholic ideas about family and sexuality, older Italian ideas of virility and the much newer online politics of male grievance.

The manifesto seeks to put traditional family values into practice with proposals to pay parents who leave work to raise children, and reward parents of large families with tax exemption and public sector jobs.  

Some proposals echo Benito Mussolini’s fascist-era “Battle for Births,” which offered similar incentives while promoting motherhood as a patriotic duty.

Luca Sforzini, a former Vannacci ideologue who has since broken with him, said the Mediterranean label was a clever piece of marketing.

“It’s like talking about the Mediterranean diet,” he told POLITICO. “You think of Italian food, mozzarella, tomatoes, olive oil.” The result, he said, was to conceal a patriarchal model with men above women behind “bucolic, positive images. It’s monstrous,” he said.

Pozzolo rejected the suggestion that the program advocates for male supremacy.

“It is exactly the opposite,” he said. “When we talk about Mediterranean patriarchy, the main idea is to recover, preserve and pass on the responsibilities of being a man within the family and society.” Men, he argued, had a duty to show women respect, love and protection, while rejecting violence or coercive control.

He defended the “without skirts” remark as “extremely funny” — picking up on a reference to Deputy Prime Minister Antonio Tajani advocating long skirts — and not remotely offensive, comparing Vannacci’s ability to connect with ordinary Italians to Silvio Berlusconi’s. 

At a recent rally in the Umbrian city of Orvieto, Vannacci defended the Mediterranean patriarchy concept as not “oppression and possession” but “duty, fidelity, sacrifice,” and said it was the family model that had allowed “us to prevail over the last 2,000 years.”

Elisa Ercoli, president of the women’s rights organization Differenza Donna, condemned the program as “a return to the supremacy of the white, cisgender alpha male, and the woman as his handmaiden.”

Appealing to alphas

Vannacci, who served in Iraq and Afghanistan, became a media sensation in 2023 with the self-published book “The World Upside Down,” a broadside against immigration, feminism and homosexuality. In it, he told gay people: “You are not normal, get over it.”

Lionized by fans as a defender of common sense against progressive politics, he received more than half a million votes as a candidate for the anti-immigration League in the 2024 European elections, before founding National Future in February.

Polling analysis suggests that about 62% of National Future’s prospective voters are male, including strong support among manual workers and the unemployed.

Pozzolo denied National Future was deliberately targeting male voters, insisting the party’s ambition was to reach Italians of all backgrounds who felt unrepresented.

Federica Formato, a lecturer at Brighton University in the U.K., who studies gender and the far right, said Vannacci was “testing the waters” to see whether he can reach a younger male audience, tapping into what she described as the “aggrieved entitlement” of young men.

A career soldier, he has repeatedly portrayed himself through images of physical strength, competition and military prowess. On social media, AI-generated versions proliferate of Vannacci as an ancient Roman in scenes recalling the Ridley Scott epic Gladiator.

For Formato, the Roman imagery projects “virility and hyper-masculinity,” while Vannacci’s army background itself helps construct the image of an “alpha male.”

Humor, memes and deliberate provocation are particularly effective with a younger online audience, Formato said, allowing relatively complex ideological messages to be reduced to instantly comprehensible images. “He is not naive,” she said. “He says things to provoke and get more attention.”

That presents Meloni with a headache. Vannacci’s party is drawing voters from her Brothers of Italy and Matteo Salvini’s League, while offering a more uncompromising platform on immigration, social issues and foreign policy.

Yet Vannacci has opened the door to an alliance with Meloni if she needs his votes. He has described National Future as a natural partner for the center-right, while insisting that any deal must respect his party’s principles. With Italy’s new electoral law offering a parliamentary majority bonus to coalitions winning at least 42 percent of the vote, those votes could matter.

That presents Meloni with an uncomfortable choice: Keep Vannacci outside the coalition, or bring into her government a movement whose appeal rests partly on the grievances of men who believe feminism has gone too far.

For Formato, Vannacci is exploiting a space in Italian politics that has so far lacked a figure capable of turning those grievances into an organized political constituency.

Vannacci, with his promises to restore traditional masculinity, appears determined to occupy it.

“There is an empty chair,” she said.

BRUSSELS — Center-right lawmakers in the European Parliament are intensifying efforts to weaken two EU climate laws, a campaign that could undermine the bloc’s push to cut planet-warming emissions.

The European People’s Party, the largest group in Parliament, will this week push for a three-year delay to rules on emissions of the climate pollutant methane, a change the fossil fuel sector and the U.S. government have lobbied hard for.

A growing number of EPP lawmakers now also want to delay — or scrap altogether — a new carbon price on transport and heating, known as ETS2, according to a document obtained by POLITICO. That puts them in line with several EU member countries, including Italy and Poland, which pushed for a delay to the new carbon price at a meeting of EU leaders in Brussels last week.

Both policies are central pillars in the EU’s effort to reduce its planet-warming emissions. A successful repeal of ETS2 in particular would be a blow to EU climate goals, as it covers around 40% of the bloc’s greenhouse gas emissions.

But it would also be a major victory for conservative and pro-business lawmakers and national governments that have been campaigning for less stringent EU climate laws in the name of industrial competitiveness.

Ax the tax

The EU Emissions Trading System, launched in 2005, requires power plants and factories in sectors like steel, chemicals and cement to acquire carbon allowances for every ton of carbon they emit. The total number of allowances is reduced each year, eventually reaching zero.

ETS2 applies the same idea to suppliers of fuel for transport and heating from 2028.

The cap-and-trade scheme will be a powerful tool for reducing emissions from these highly polluting activities. But many policymakers worry it will raise the cost of gasoline, diesel and natural gas and add to voters’ cost-of-living pressures.

Nine national delegations of the EPP — the Polish, Spanish, Italian, French, Romanian, Croatian, Slovenian, Slovak and Estonian — are now calling for ETS2 to be repealed, according to draft amendments obtained by POLITICO. “ETS2 should be deleted,” the amendment, sponsored by Polish EPP lawmaker Adam Jarubas, argues.

Another amendment in the same draft, backed by 10 national delegations, takes a softer approach and asks for ETS2 to be “postponed until 2031.”

EU legislators are already reviewing a proposed reform of the EU’s original Emissions Trading System, which makes amending ETS2 — which is contained in the same legislation as the first ETS — much simpler.

No majority in Parliament or among member countries currently supports delaying or repealing ETS2, but a string of elections next year raises the likelihood that more right-wing governments will be in power before ETS2 comes into force, adding momentum to the push to scrap or delay it.

Methane delay

Last week, the European Commission, the EU’s executive arm, proposed a year-long delay to rules that will require oil and gas importers to monitor, report, and eventually reduce emissions of the potent greenhouse gas.

The delay — which affects monitoring requirements and later obligations on methane intensity — followed months of lobbying from industry and member countries, which claimed the Commission provided insufficient clarity on how to comply. The U.S. government also pushed to delay the rules, which are currently due to come into force on Jan. 1, 2027.

But the proposed delay requires support from both governments and lawmakers, some of whom want to go well beyond the Commission’s revised timeline.

On Tuesday, European lawmakers voted to fast-track parliamentary discussions around the Commission’s proposed delay, laying the groundwork for a fresh vote Thursday. At that vote, the EPP is expected to campaign for a three-year delay of the rules, as well as possible further adjustments, according to one lawmaker familiar with the matter.

Dimitris Tsiodras, a European lawmaker, echoed industry concerns that compliance risks could deter cargoes from Europe if left unaddressed. “We cannot afford to put our energy supplies at further risk,” he told lawmakers.

Right-wingers against the rules will still face opposition from left-leaning lawmakers. Jutta Paulus, a German Greens lawmaker who steered the parliament’s position on the legislation in 2024, announced on Tuesday that her party would table an amendment to reject the delay altogether.

However, the EPP could reach an outright majority if it joined with right-wing and far-right groups.

The party is already exploring a deal with those groups if the Socialists and Democrats — the Parliament’s second-largest group — don’t cooperate with its push for a longer postponement, according to two people familiar with the matter. S&D lawmakers opposed extending the delay earlier this month, but a group spokesperson said the party has yet to adopt a formal position in negotiations.

A parliamentary push for a three-year delay could also invigorate member countries’ efforts to delay the rules further.

Member countries are currently divided, though many, including heavyweight France, support the one-year delay proposed by Brussels, according to two diplomats briefed on the matter.

Poland, Slovakia and Czechia, meanwhile, would prefer a three-year delay, but their luck in campaigning for an extension may depend on where Germany lands, the people said. Berlin is currently split between its socialist-controlled environment ministry and its center-right-controlled energy ministry, leaving countries uncertain whether they can formulate a joint position tomorrow, they added.

Italy is also trying to decide whether to opt for one year or more, two diplomats familiar with the matter said.

L’exécutif a convoqué, ces dernières heures, les plateformes de e-commerce ainsi que Google, Facebook, Instagram et Snapchat pour leur demander de faire preuve de vigilance. D’abord, face aux pilleurs qui chercheraient à revendre des produits volés en ligne. Ensuite, pour demander aux réseaux sociaux de mieux contrôler leurs fonctionnalités, notamment les diffusions en direct. Elles sont accusées par les forces de l’ordre d’avoir servi aux casseurs à s’organiser efficacement. Mais avec quel effet?
Marcelo en discute avec Tiphaine et Klara. Des questions? Des commentaires? Ecrivez-nous sur Whatsapp au +32 49 07 69 41

**Un message de GSK : Prévenir, soigner, innover : GSK appelle à investir dans la santé des Français pour accélérer l’accès aux innovations et atteindre un objectif : zéro perte de chance pour les patients, en renforçant la recherche et les investissements industriels en France.**