Inflation SLASHES Burnham's budget by £24 BILLION

Britain’s new chancellor, John Healey, faces a £24 billion real spending squeeze by the end of the decade, due to higher and more persistent inflation. Chief Reporter, Ali Lyon explains what that means for the autumn Budget. Meanwhile, pensions boss Nicholas Lyons has called for a ban on holding shares of American companies in UK ISAs. The Chairman of Standard Life has argued the change would help revive Britain’s ailing stock market and boost economic growth. Brian Byrnes, Director of Personal Finance at Moneybox disagrees. Plus: why consumer goods giant Unilever is turning to avocado mayonnaise to solve a slide in consumer demand. Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: http://www.linkedin.com/company/cityam