Burnham will break fiscal rules to borrow, banks warn – latest updates
• Major Wall Street banks warn that Andy Burnham is likely to break Rachel Reeves’s fiscal rules regarding government borrowing if he becomes prime minister. • Oxford Economics reports that the cost of UK government borrowing has risen at the fastest pace in Europe following Mr. Burnham’s recent by-election victory. • This financial volatility, combined with a potential leadership contest against Sir Keir Starmer, may severely limit Burnham's ability to develop and implement detailed policy plans.
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