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

Bookies’ favourite to replace Keir Starmer tones down stance on government borrowing to assuage City investorsAndy 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. Continue reading...