Andy Burnham will become the United Kingdom’s seventh prime minister in a decade on Monday, and must face the consequences of a bond market fiasco from three administrations ago.
A report from the International Monetary Fund this week highlighted the baggage that still hangs over the world’s fifth largest economy: a 2022 budget with unfunded spending hikes and tax cuts that sparked an investor revolt leading to the ouster of Liz Truss as premier after only 44 days.
