Business · 19 May 2026

Andy Burnham commits to borrowing rules, calming markets

UK borrowing costs dropped after Greater Manchester Mayor Andy Burnham confirmed he would stick to government spending limits. His campaign told BBC News on Monday that changing existing fiscal rules, which he had recently suggested altering, was no longer an option. Bond market expert Mohamed El-Erian said these comments helped the UK bond market perform better.

By BriefTea Editorial · 19 May 2026 at 4:19

Reported by BBC · How we write briefs

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