{"id":633466,"date":"2026-06-11T17:45:17","date_gmt":"2026-06-11T17:45:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/633466\/"},"modified":"2026-06-11T17:45:17","modified_gmt":"2026-06-11T17:45:17","slug":"burnham-rows-back-on-10bn-waspi-women-offer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/633466\/","title":{"rendered":"Burnham rows back on \u00a310bn Waspi women offer"},"content":{"rendered":"<p>\t\t\tThursday 11 June 2026 2:21 pm\n\t\t\t<\/p>\n<p><img width=\"742\" height=\"495\" src=\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/06\/Andy-Burnham-has-spoken-about-Waspi-women-e1781182760155.jpg\" class=\"media \" alt=\"Andy Burnham discusses support for Waspi women, addressing pension injustice in a public speech.\" fetchpriority=\"high\" loading=\"eager\" decoding=\"sync\"  \/>\t\tAndy Burnham has flirted with giving Waspi women compensation. PA Wire\t<\/p>\n<p class=\"wp-block-paragraph\">Andy Burnham has rowed back on an apparent offer to consider a \u00a310.5bn payout for Waspi women, a group of female pensioners who argue that they were not told about a rise in the state pension age.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Burnham had <a href=\"https:\/\/www.cityam.com\/burnham-hints-at-payout-for-waspi-women-claiming-billions\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">told<\/a> activists that he would \u201cstick by the Waspi women \u2013 Women Against State Pension Inequality \u2013 because they deserve some recompense for the unfairness\u201d, which led to hopes among campaigners that he would bring a \u00a310.5bn payout back onto the table.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">But the Manchester mayor, who is standing as <a href=\"https:\/\/www.cityam.com\/george-osborne-manchesterism-is-a-real-thing-but-burnham-only-part-of-the-story\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Labour\u2019s<\/a> candidate for a by-election in Makerfield ahead of a leadership bid, U-turned on the idea on Thursday, bringing him into line with the current government which has said it would not compensate Waspi women.<\/p>\n<p class=\"wp-block-paragraph\">A spokesman for Burnham told the <a href=\"https:\/\/www.ft.com\/content\/fc90116d-519d-4fa1-b418-ce3f49ead012?syn-25a6b1a6=1\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Financial Times<\/a> \u201che accepts the final decision has been made in relation to financial compensation but has indicated an openness to considering similar schemes on the Greater Manchester model\u201d.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">This appears to reference a system for other forms of compensation, including cut-price travel tickets.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">The Waspi campaign was taken up by Starmer and Labour figures when the party was in opposition. It relates to Boomers who say they lost thousands of pounds because they did not know about the rise in the state pension age for women.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">A payment of up to \u00a32,950 for each person was recommended in an ombudsman report, while former Labour leader Jeremy Corbyn had previously committed to making a \u00a358bn payout.\u00a0<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/burnham-hints-at-payout-for-waspi-women-claiming-billions\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Burnham hints at payout for Waspi women claiming billions<\/a><\/p>\n<p>\tBurnham spooks bond traders<\/p>\n<p class=\"wp-block-paragraph\">Economists and several commentators have widely warned that the requested amount was unaffordable given rising public debt interest costs and intergenerational unfairness.<\/p>\n<p class=\"wp-block-paragraph\">Upon hearing about Burnham\u2019s comments, Waspi chair Angela Madden said the group required politicians to have the \u201cwill\u201d to deliver compensation.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Madden also revealed that campaigners had met with Burnham.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Labour MPs quoted in the Financial Times accused the Manchester mayor of having \u201clost the plot again\u201d and labelled his overture to Waspi women as \u201cpathetic\u201d.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Bond traders have long warned against a Burnham premiership over fears that fiscal rules would be loosened and further government borrowing would be given the green light.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Borrowing costs rose sharply after bruising local elections for the Labour Party amid fears that it would pave the way for Burnham to challenge Starmer.<\/p>\n<p>\t\t\t\t\tRead more<\/p>\n<p>\t\t\t<a class=\"read-more__link\" href=\"https:\/\/www.cityam.com\/burnham-hits-back-at-blair-with-more-state-control-for-good-growth\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Burnham hits back at Blair with more state control for \u2018good growth\u2019<\/a><\/p>\n<p>\t\tSimilarly tagged content: <\/p>\n<p>\t\t\tSections\t\t<\/p>\n<p>\t\t\tCategories\t\t<\/p>\n<p>\t\t\tPeople &amp; Organisations\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Thursday 11 June 2026 2:21 pm Andy Burnham has flirted with giving Waspi women compensation. PA Wire Andy&hellip;\n","protected":false},"author":2,"featured_media":633467,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[19306,84,4176,420,1634,2053,50,5107,4174,4175,229,56,54,55,34106,107430],"class_list":["post-633466","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-andy-burnham","tag-business","tag-finance","tag-keir-starmer","tag-labour","tag-labour-party","tag-news","tag-pension","tag-personal-finance","tag-personalfinance","tag-politics","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-waspi","tag-waspi-women"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/633466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=633466"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/633466\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/633467"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=633466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=633466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=633466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}