It’s not the bond markets Andy Burnham should be afraid of. It’s his own MPs | Aditya Chakrabortty

It’s not the bond markets Andy Burnham should be afraid of. It’s his own MPs | Aditya Chakrabortty

To stay popular with the public – and his backbenchers – he’ll need to make big changes fast. That means changing the way the government borrows A Labour leader arrives, shirt and smile ironed into place, in his hands a big idea. He has polished one slogan, prepped three anecdotes, memorised eight bullet points. He wants more cash for vital services, or workers to have a stake in their employers, or to take some util…

25 Jun, 05:00

Andy Burnham will be ‘in hock’ to the bond markets whether he likes it or not

With the highest gilt yields in the G7, more borrowing is no longer an option for the next Prime Minister. That leaves the traditional options: raise taxes, cut spending or embark on more ambitious supply-side reforms in areas such as planning, says Daniel Mahoney Governments needing money usually have three options: tax more, spend less, [...]

24 Jun, 04:33