Bond investors warn Burnham would face market constraints over borrowing plans
By
Alex Daniel
10d ago· 4 min readenNews
Summary
Bond investors warn that Andy Burnham, the newly elected MP widely expected to become the next prime minister, would face immediate constraints from financial markets if he pursues increased borrowing to fund an expansive policy agenda. The article highlights that Burnham could also come under pressure if he appoints a chancellor perceived as too left-wing by bond markets, given the weak state of government finances.
Source
bskyBond investors warn Burnham would face market constraints over borrowing planstheguardian.comKey quotes
· 2 pulledHe is boxed in by the fact that government finances are in a weak position, and if he chooses to ignore this reality, then he could find himself under pressure very quickly
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
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