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

Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?

Andy Burnham
How much leeway Andy Burnham’s has will depend partly on the Bank of England and whether he can avoid provoking a negative bond market reaction. Photograph: Temilade Adelaja/Reuters

An economy rattled by a global energy shock, jittery bond markets and rising spending demands. As Andy Burnham prepares for government, the pressures on the public finances are in focus.

The prospective prime minister pledged a new direction for Britain this week within two constraints: sticking to Labour’s current fiscal rules, and consistency with its 2024 manifesto.

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