Burnham defends warning that Britain is too exposed to bond markets
Andy Burnham has stood by earlier remarks that the United Kingdom should be less exposed to bond markets, saying his comments were deliberately misrepresented by Keir Starmer and his advisers. Burnham said he was not advocating increased borrowing, but a more resilient economy less vulnerable to global shocks.
Andy Burnham has defended comments in which he said the United Kingdom should be less “in hock” to bond markets, according to The Guardian. Burnham said he continued to believe that the UK was too exposed to global shocks. He argued that the country needed a more resilient economy, rather than simply relying on existing arrangements.
He said his remarks from last year had been deliberately misinterpreted by Keir Starmer and the former prime minister’s advisers. The supplied material does not set out the wording or context of the earlier comments in full. Burnham also rejected the idea that his position amounted to a call for increased borrowing and spending.
He said that was not his aim. The source material does not provide a detailed alternative economic programme from Burnham, or responses from Starmer or his advisers to Burnham’s latest defence.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.