UK has a new prime minister, but the same fiscal woes
Debt, spending and bond markets present challenges for Burnham and BoE, say former MPC members
The UK’s fiscal situation will place severe constraints on its new prime minister, two former members of the Bank of England’s monetary policy committee have told Central Banking. And how his government chooses to face the resulting challenges may have significant implications for financial stability.
During his first few weeks in the job, Andy Burnham has enjoyed a political honeymoon that has seen the country’s governing Labour party overtake its rivals in opinion polls for the first time in
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