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Market PANIC: Burnham Sends Britain's Debt Costs SOARING as Labour 'DRAGS UK into Fiscal C
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Britain's borrowing costs have soared since Keir Starmer resigned and it became clear Andy Burnham would replace him. In July, 10 year gilt yields jumped from 4.7% to more than 5% on Andy Burnham's arrival to Number 10, adding billions of pounds to the debt interest bill.
Jutin Urquhart Stewart warns Britain must deregulate its economy and lower taxes in order to get economic growth going, though Burnham seems intent on doing the opposite.
Urquhart Stewart warns Britain is 'hurtling' into a fiscal crisis and the economic outlook is 'dark'.
#andyburnham #labour #economy #politics
By Nicholas Dunning
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