{"id":15025,"date":"2026-06-23T13:08:20","date_gmt":"2026-06-23T13:08:20","guid":{"rendered":"https:\/\/8657085.xyz\/?p=15025"},"modified":"2026-06-23T13:08:20","modified_gmt":"2026-06-23T13:08:20","slug":"uk-and-markets-await-burnhams-economic-plans","status":"publish","type":"post","link":"https:\/\/8657085.xyz\/?p=15025","title":{"rendered":"UK and markets await Burnham&#8217;s economic plans"},"content":{"rendered":"<p> <div style=\"display: grid; grid-template-columns: 300px 160px; gap: 2px; width: 460px; background: #eee; padding: 2px;\">\r\n\r\n  <!-- \u6574\u884c\u5bbd\u5e7f\u544a -->\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876674\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"grid-column: 1\/-1; width: 460px; height: 90px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876676\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u5de6\u4fa7\u7ad6\u6392 -->\r\n  <div style=\"height: 250px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876672\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  <div style=\"height: 500px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876680\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u6469\u5929\u697c\uff08\u548c\u5de6\u4fa7\u5b8c\u5168\u5bf9\u9f50\uff09 -->\r\n  <div style=\"grid-row: 3\/5; height: 750px; background: #ccc; display: grid; place-items: center;\">\r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e2\" data-zoneid=\"5876678\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n  <\/div>\r\n  \r\n  <script async type=\"application\/javascript\" src=\"https:\/\/a.magsrv.com\/ad-provider.js\"><\/script> \r\n <ins class=\"eas6a97888e6\" data-zoneid=\"5876682\"><\/ins> \r\n <script>(AdProvider = window.AdProvider || []).push({\"serve\": {}});<\/script>\r\n<\/div><br \/>\n<\/p>\n<div style=\"padding-right:0;padding-left:0\">\n<p>Andy Burnham, expected to become Britain\u2019s next prime minister after Keir Starmer resigned, has set out to reassure investors concerned that state spending and debt could rise under his leadership.<\/p>\n<p>Burnham would like to see a partial renationalisation of the UK\u2019s water and energy industries, which would cost billions of pounds and follow Starmer\u2019s move to bring Britain\u2019s train operators under state control.\u00a0<\/p>\n<p>AFP looks at how the Labour government\u2019s economic policies could change under Burnham, who is viewed as more left-leaning than Starmer.<\/p>\n<p>\u2013 What course for the economy? \u2013<\/p>\n<p>Burnham, who stepped down as mayor of Greater Manchester ahead of his parliamentary by-election victory last week, has been fairly vague regarding his economic intentions should he become premier. \u00a0\u00a0<\/p>\n<p>But after being re-elected as an MP on Friday, he launched an attack on \u201ctrickle-down economics\u201d \u2014 the idea that wealth created by the most affluent eventually benefits everyone.<\/p>\n<p>\u201cWe do need to bring down water bills, energy bills, rail fares, just as we\u2019ve brought down bus fares in Greater Manchester to make life more affordable for people,\u201d Burnham said.<\/p>\n<p>In the same speech, the advocate of \u201cbusiness-friendly socialism\u201d called for \u201ca new drive of reindustrialisation\u201d across the country, suggesting greater state spending and possible tax increases.<\/p>\n<p>According to Britain\u2019s Press Association, Burnham will use a speech next week to confirm that he backs finance minister Rachel Reeves\u2019s strict fiscal rule that day-to-day government spending be balanced against tax revenues.<\/p>\n<p>Burnham, who supports a need to bring down government debt, will also use the speech to lay out key aspects of his proposed economic policy.<\/p>\n<p>\u2013 What do investors think? \u2013<\/p>\n<p>If under Burnham \u201cthe government sets out a credible economic and fiscal strategy then the markets will be fine\u201d, Jonathan Portes, a professor of economics and public policy at King\u2019s College, London told AFP.<\/p>\n<p>\u201cThis doesn\u2019t preclude some relatively minor modification of the fiscal rules to allow somewhat more borrowing for investment, but not for current spending,\u201d he said.<\/p>\n<p>Financial markets have so far taken Burnham\u2019s election win and Starmer\u2019s resignation in stride, with the pound avoiding any sharp falls and the UK\u2019s benchmark 10-year government bond yield dipping.\u00a0<\/p>\n<p>\u201cBurnham has been on a charm offensive to win over those all-important bond\u00a0markets\u00a0as speculation has been mounting about his likely ascension to the top job,\u201d said Danni Hewson, head of financial analysis at the trading group AJ Bell.<\/p>\n<p>But Matthew Ryan, head of market strategy at global financial services firm Ebury, cautioned that the \u201ctransition itself will introduce a period of uncertainty that markets will find uncomfortable\u201d.\u00a0<\/p>\n<p>At the same time, Burnham would inherit a British economy that showed signs of picking up before the US-Iran war hindered growth and pushed up inflation.<\/p>\n<p>\u2013 New finance minister? \u2013<\/p>\n<p>Energy Secretary Ed Miliband is viewed as a strong favourite to succeed Reeves as finance minister, with her position said to be at risk after Starmer\u2019s resignation Monday.<\/p>\n<p>\u201cA change in leadership\u2026 may alter the size of the state. But it won\u2019t change the fiscal realities,\u201d said Ruth Gregory, deputy chief UK economist at Capital Economics research group.<\/p>\n<p>\u201cThose on the \u2018soft left\u2019 of the Labour Party (like Miliband) may be more inclined to raise spending and borrowing than those on the \u2018soft right\u2019, who would probably offset any spending rises with spending cuts elsewhere or tax hikes,\u201d she added.<\/p>\n<p>Other names mentioned as a possible replacement for Reeves include interior minister Shabana Mahmood, Foreign Secretary Yvette Cooper and former health minister Wes Streeting, who is backing Burnham to become prime minister.\u00a0<\/p>\n<\/div>\n<p><!-- \u603b\u5bb9\u5668\uff1a\u6700\u5927\u5bbd908px Grid\u7d27\u51d1\u5e03\u5c40 -->\r\n<div style=\"display: grid; grid-template-columns: 728px 160px; gap:2px; width:908px; background:#eee; padding:2px;\">\r\n\r\n  <!-- \u901a\u680f\u9876\u90e8\uff1a\u6700\u5927\u6a2a\u5e45 908x258 \u8de8\u6574\u884c -->\r\n  <div style=\"grid-column:1\/-1; 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background:#ff9ecd; display:grid; place-items:center;\">\r\n\t<!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114305\" data-width=\"250\" data-height=\"250\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114305});<\/script>\r\n<!--JuicyAds END-->\r\n\t<\/div>\r\n    <div style=\"height:139px; background:#c792ea; display:grid; place-items:center;\">\r\n\t<!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114302\" data-width=\"133\" data-height=\"139\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114302});<\/script>\r\n<!--JuicyAds END-->\r\n\t<\/div>\r\n    <div style=\"height:125px; background:#91e7ac; display:grid; place-items:center;\">\r\n\t\r\n<!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114303\" data-width=\"125\" data-height=\"125\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114303});<\/script>\r\n<!--JuicyAds END-->\r\n\t<\/div>\r\n  <\/div>\r\n\r\n  <!-- \u53f3\u4fa7\u7ad6\u680f\uff1a160\u00d7600 \u6574\u5217\u9ad8\u5e7f\u544a -->\r\n  <div style=\"grid-row:3\/8; height:600px;  display:grid; place-items:center;\">\r\n    <!-- JuicyAds v3.0 -->\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async src=\"https:\/\/poweredby.jads.co\/js\/jads.js\"><\/script>\r\n<ins id=\"1114301\" data-width=\"160\" data-height=\"600\"><\/ins>\r\n<script type=\"text\/javascript\" data-cfasync=\"false\" async>(adsbyjuicy = window.adsbyjuicy || []).push({'adzone':1114301});<\/script>\r\n<!--JuicyAds END-->\r\n  <\/div>\r\n\r\n<\/div><br \/>\n<br \/> UK and markets await Burnham&#8217;s economic plans<br \/>\n<br \/>#markets #await #Burnhams #economic #plans<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andy Burnham, expected to become Britain\u2019s next prime minister after Keir Starmer resigned, has set&#8230;<\/p>\n","protected":false},"author":1,"featured_media":15026,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[13136,13137,1414,1028,2040],"class_list":["post-15025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stories","tag-await","tag-burnhams","tag-economic","tag-markets","tag-plans"],"featured_image_urls":{"full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4.jpg",768,512,false],"thumbnail":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4-150x150.jpg",150,150,true],"medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4-300x200.jpg",300,200,true],"medium_large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4.jpg",640,427,false],"large":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4.jpg",640,427,false],"1536x1536":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4.jpg",768,512,false],"2048x2048":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4.jpg",768,512,false],"covernews-slider-full":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4.jpg",768,512,false],"covernews-slider-center":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4-768x500.jpg",768,500,true],"covernews-featured":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4.jpg",768,512,false],"covernews-medium":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4-540x340.jpg",540,340,true],"covernews-medium-square":["https:\/\/8657085.xyz\/wp-content\/uploads\/2026\/06\/f7c195fe97a4e824066162959fda1b6ecb7258f4-400x250.jpg",400,250,true]},"author_info":{"display_name":"admin","author_link":"https:\/\/8657085.xyz\/?author=1"},"category_info":"<a href=\"https:\/\/8657085.xyz\/?cat=7\" rel=\"category\">Stories<\/a>","tag_info":"Stories","comment_count":"0","_links":{"self":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/15025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15025"}],"version-history":[{"count":0,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/posts\/15025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=\/wp\/v2\/media\/15026"}],"wp:attachment":[{"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/8657085.xyz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}