Burnham’s £63bn Gamble, BoE Rate Hike Fears, and the Car Industry’s EV Rebellion

New Prime Minister Andy Burnham has launched a wave of policy pledges that economists warn could cost the government between £46bn and £63bn by 2030, according to a report from Capital Economics. The bill covers everything from making social care free at the point of use (roughly £18bn annually) to revving up council housebuilding and boosting defence spending. Chancellor John Healey now faces a brutal fiscal puzzle: bond traders are already near the...