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

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The Guardian

‘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 qui…