‘Walking a tightrope’: Burnham’s borrowing plans clash with fiscal realities

The man tipped for No 10 could also come under immediate pressure if his chancellor is deemed by bond markets to be too left-wing Andy Burnham would enter Downing Street already “boxed in” by financial markets if he signals a rise in borrowing to pay for a more expansive policy agenda, bond investors have warned. The newly elected MP for Makerfield, who is widely expected to be the next prime minister, could also quickly come under pressure if he chooses a chancellor who is seen to be too leftwing by bond markets. Continue reading...

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