Burnham's Manchesterism could change the UK, but is not yet a full economic plan

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Image source, AFP via Getty Images By Faisal Islam Economics editor Published 12 minutes ago "True to the motto of this city, I am going to do things differently," Andy Burnham declared, a reference to the film 24 Hour Party People. His speech in Manchester did indeed show a rather different way of seeing and running the UK. The departing Greater Manchester mayor presented a diagnosis of what has caused economic malaise, rooted in his own experiences running the city and when he was previously in Cabinet. At its heart it is a critique of an unresponsive British state, adept at arguing with itself, rather than achieving real change and rebuilding the country. His solutions were ambitious, and mostly rather general, taking power from the centre and giving it to regions and cities, as occurs routinely in other advanced countries. Burnham tells a story of his time as chief secretary to the Treasury, two decades ago, wishing to build a northern equivalent to London's Crossrai...

Trump says U.S. and Iran to hold fresh talks in Qatar on Tuesday following weekend clashes

The U.S. and Iran are poised to hold fresh talks on Tuesday in Qatar's capital, President Donald Trump said via social media on Monday, following a weekend of hostilities in the Middle East. "IRAN HAS REQUESTED A MEETING. IT WILL TAKE PLACE TOMORROW IN DOHA!," Trump said in a post on Truth Social. There was no immediate reaction from Iran. CNBC has contacted Iran's Ministry of Foreign Affairs and is awaiting a response. Trump's post comes after the U.S. and Iran exchanged a series of strikes over the weekend that threatened to derail negotiations aimed at ending the conflict. White House Press Secretary Karoline Leavitt told Fox News on Monday that special envoys Steve Witkoff and Jared Kushner would travel for the meeting. "As far as we're concerned, we're holding up our end of the ceasefire. Violence will be met with violence," she added. "The United States of America has the best and strongest military in the world. The president retains the right to use it. But again, the memorandum of understanding will continue to be discussed. The ceasefire is in place, and we hope that we can get to a good deal." The U.S. struck Iranian military targets over the weekend in response to Tehran's latest attacks on shipping in the strategically important waterway. Iran's attacks prompted Trump on Sunday to again threaten Iran with annihilation. "There may come a point when we are no longer able to be reasonable, and will be forced to militarily complete the job that we very successfully started. If that happens, the Islamic Republic of Iran will no longer exist!" he wrote on Truth Social. U.S. officials said both sides would pause hostilities and allow commercial vessels to transit the strategically vital Strait of Hormuz. "Technical talks are slated to continue on all areas of the MOU," a U.S. official told CNBC on Sunday. "Both sides will stand down for now and vessels can move freely." Located in the gulf between Oman and Iran, the Strait of Hormuz is recognized as one of the world's most critical energy chokepoints . The narrow waterway typically handles around 20% of the world's oil traffic. In separate Truth Social posts earlier on Monday, Trump welcomed the recent decline in oil and gas prices, noting that U.S. crude oil prices had fallen to levels last seen before the start of the Iran war on Feb. 28.

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