News in Review Wednesday 1st July 2026 - HCR IFA
News in Review Wednesday 1st July 2026

News in Review Wednesday 1st July 2026

Q1 data shows the UK economy expanded by 0.6%, Burnham sets out his vision for government and ISA reforms announced.

Key takeaways:

  • UK growth in Q1 was driven by expansion in all sectors, with the services sector making the largest upward contribution
  • Andy Burnham has outlined his plans for a decentralised government in the first speech of his bid to become Prime Minister
  • The Treasury is to introduce a 22% tax levy on cash held in Stocks and Shares ISAs from April 2027

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