‘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-wingAndy 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
‘Walking a tightrope’: Burnham’s borrowing plans clash with fiscal realities
Overview
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.
Details
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.
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Originally published at www.theguardian.com.
