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The Guardian - UK
The Guardian - UK
Politics
Richard Partington Senior economics correspondent

Andy Burnham’s change in tack on fiscal rules and bond markets is understandable

Andy Burnham Sir Keir Starmer Britain Rachel Reeves City United Kingdom
Andy Burnham speaks at an event. He stands illuminated on a dark stage with shadows around him and in front of a purple backdrop with red stripes. A sign on his lectern has an arrow logo and reads The Great North. He wears black.
Andy Burnham said last year that Britain was too ‘in hock’ to the bond markets. Photograph: Peter Byrne/PA

Andy Burnham has always faced a narrow path to replace Keir Starmer as prime minister: a tricky byelection, a leadership contest that is yet to be declared, and a far from constructive bond market backdrop.

In making his pitch, assuaging City investors in particular has led the Greater Manchester mayor to dance on a pin.

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