Andy Burnham Eyes Fiscal Rules Flexibility as Sir Richard Leese Signals Break From No 10 Orthodoxy
Updated
Updated · Bloomberg · Jun 24
Andy Burnham Eyes Fiscal Rules Flexibility as Sir Richard Leese Signals Break From No 10 Orthodoxy
3 articles · Updated · Bloomberg · Jun 24
Summary
Sir Richard Leese said on Bloomberg Radio that Andy Burnham would likely seek flexibility within Britain’s fiscal rules, offering one of the clearest signals yet of Burnham’s economic approach.
That points to a looser interpretation of borrowing constraints rather than a business-as-usual Treasury stance, suggesting Burnham is preparing room for a different policy mix.
Jim O’Neill and Andy Haldane were reported last week to be among the heavyweight advisers around Burnham, reinforcing expectations that he is assembling an unorthodox economic team.
Taken together, the comments and adviser choices suggest Burnham is positioning a future government as less bound by traditional No 10 and fiscal-policy orthodoxies.