Burnham Pledges Cost-of-Living Relief in First Address as UK PM

Andy Burnham became the UK's new prime minister Monday, replacing Keir Starmer after a swift leadership contest.

In his first speech from Downing Street, Burnham pledged immediate action to lower household costs. He did not detail specific policies but said his government would prioritize economic stability and relief for families struggling with energy and food prices.

The transition follows months of internal party debate over fiscal strategy. Burnham inherits a sluggish economy, above-target inflation, and a public weary of political turmoil. Sterling held near $1.26 in early London trading, with gilt yields steady.

Burnham's cabinet appointments are expected within 48 hours. The new government faces its first fiscal test with a Treasury spring statement due in March.