{"id":652709,"date":"2026-06-22T19:26:19","date_gmt":"2026-06-22T19:26:19","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/652709\/"},"modified":"2026-06-22T19:26:19","modified_gmt":"2026-06-22T19:26:19","slug":"andy-burnham-sworn-in-as-mp-after-keir-starmer-announces-resignation-live-updates","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/652709\/","title":{"rendered":"Andy Burnham sworn in as MP after Keir Starmer announces resignation – live updates"},"content":{"rendered":"

\"Analysis\"Burnham’s ambitions could be curbed by financial realitypublished at 19:38 BST<\/p>\n

19:38 BST<\/p>\n

\"\"Dharshini David
Deputy economics editor<\/p>\n

For all the drama at Downing Street today, financial markets have been calm.<\/p>\n

You might wonder if investors had headed to the beach for the day, but no –
\nthey are watching to see not just who is going to reside behind that door at No 10, but also who will be behind No 11 as chancellor.<\/p>\n

This isn’t a popularity contest, but one of policy and priorities – how they will tackle issues such as growth, jobs, and rising welfare spending.<\/p>\n

Andy Burnham wants measures such as more control of utilities, while boosting social housing and the defence budget – a bigger role for the state, but a more costly one.<\/p>\n

He’s constrained by the public finances. Public debt is heading up to \u00a33 trillion and he wants to keep the rules designed to curb that.<\/p>\n

So will his ambitions be curbed by financial reality – or will money be raised elsewhere through more tax rises?<\/p>\n

Burnham might have once said he wouldn\u2019t be in hock to the bond markets, the government’s lenders, but the next chancellor will have to keep them on side.<\/p>\n

There may be several people vying to take control of the Treasury – but in some ways, it’s an unenviable task.<\/p>\n","protected":false},"excerpt":{"rendered":"Burnham’s ambitions could be curbed by financial realitypublished at 19:38 BST 19:38 BST Dharshini DavidDeputy economics editor For…\n","protected":false},"author":2,"featured_media":652710,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[49,50,51,47,52,48],"class_list":["post-652709","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/652709","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=652709"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/652709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/652710"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=652709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=652709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=652709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}