Bookies’ favourite to replace Keir Starmer tones down stance on government borrowing to assuage City investors
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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This article was originally published by The Guardian and written by Richard Partington Senior economics correspondent.
Read original article on The Guardian