Andy Burnham Will Need to Raise Taxes or Cut Spending in Budget, Economists Warn

Burnham Says His First Budget Will Be “Challenging”

Andy Burnham has admitted the Budget on 28 October will be “challenging.” Brace, brace… The PM claimed that inflation was solely the fault of the Iran war and refused to acknowledge Britain’s sky-high gilt yields. The cost of borrowing reached its highest level since 2007 yesterday… Asked if the Budget would be “tough” Burnham nodded…

Andy Burnham will need to raise taxes or cut spending in Budget, economists warn

The government’s £23bn fiscal headroom, which acts as a buffer against economic shocks, is thought to have fallen to around £5bn

Andy Burnham left scrambling to fill £10bn hole as Britons warned 'tax rises or spending cuts inevitable'

Andy Burnham is scrambling to fill a £10billion hole in the public purse as Britons are warned that tax rises or spending cuts are "inevitable". Ahead of the ever-looming Budget next month, Whitehall's money watchdog, the Office for Budget Responsibility, is currently examining the state of the UK economy.Their assessment is then used to work out the price of debt interest, which then has a major impact on the Chancellor's plans.A top Whitehall …