Analysts Warn UK Prime Minister Burnham of Economic Pressures Ahead of Budget
Political commentators and financial analysts caution that Prime Minister Andy Burnham must deliver concrete economic solutions to satisfy bond markets and sustain public approval. The upcoming budget is viewed as a critical test of his administration’s fiscal credibility.
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Burnham beware, the bond markets will demand proper answers in the budget | Nils Pratley
Fair to say the current sell-off is international, but the PM has said little yet to make investors rethink the UK’s status It’s too soon to say the bond markets have turned on Andy Burnham. Tuesday’s spike in gilt yields, taking the UK’s 30-year borrowing costs to their highest level since 1998, was part of an international sell-off of government debt. The main contributors are well-known. The Iran war, by increasing the cost of energy, has overturned the comforting start-of-the-year thesis ...
By Nils Pratley
Read full article →Andy Burnham will struggle to maintain his popularity - New Statesman
Andy Burnham will struggle to maintain his popularity New Statesman
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