Consider the blitz of briefings from the Treasury this week intended to calm markets prior to the Budget – in which John Healey has a £35 billion black hole:
Fiscal responsibility is the spin for the 14 remaining days. The proof of the pudding is in the eating…
The fiscal position is extremely tenuous and the cost of borrowing crisis is currently deepening. Any measures to boost the economy would have to be immediate and tangible, as with spending cuts. When will the welfare bill go down?
Former Labour leader Neil Kinnock was asked if Burnham will take Britain back into the EU:
“Yes, sure – his commitment is authentic. He really does understand from the grassroots up why restoring what I think of as normality in our continent is vital for every party economically, politically, culturally, in terms of security, and he’s able to articulate it in language that people can understand. So yeah, he is definitely”.