Branch2 Intelligence
Burnham’s funding gap: what state are UK finances in for the PM-in-waiting?
Key takeaway
Andy Burnham faces a £Xbn funding gap from global energy shock and bond market jitters, risking autumn tax rises.
- Step 11st-order: Global energy shock and bond market jitters widen UK fiscal deficit, forcing potential autumn tax rises.
- Step 22nd-order: Higher taxes reduce household disposable income, dampening consumer demand for SMEs.
- Step 33rd-order: Rising gilt yields increase SME borrowing costs, squeezing margins and investment.
Source: Guardian Business
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