Burnham ‘Encouraged’ To See Abandonment of Fiscal Rules

King in the North Andy Burnham is keeping up his campaign against the Labour leadership’s supposed commitment to fiscal rules. As rumours abound that Reeves is planning to remove large spending projects from the government’s balance sheet to pretend they aren’t costs, it looks like he’s might get his wish…

Burnham said on the Today Programme he was glad to hear of a return to Labour’s high-borrowing strategy:

“I am very encouraged by those by those kind of noises that we’re we’re hearing, and if you remember that phrase “borrow to invest,” it was a favorite of Gordon Brown’s back in the day – because it makes sense… that’s how the Treasury needs to see investment.”