Burnham's Borrowing Gambit: A Recipe for Disaster? The UK's economic woes have been well documented in recent months, with sluggish growth, rising inflation, and a crippling national debt that shows no signs of abating.
Mayor Andy Burnham has proposed increasing borrowing by £9bn per year to fund infrastructure projects, housing initiatives, and business support programs.
Former Conservative Chancellor Phillip Hammond warns that bond markets "will see straight through this ruse and price UK debt up accordingly.