BBC News·3 min read·medium
Burnham has no scope to increase borrowing, think tank warns
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✦AI Summary
The National Institute of Economic and Social Research has warned Prime Minister Andy Burnham that he must raise taxes or cut spending to fund his new cost-of-living and defense pledges. The think tank noted that borrowing is not a viable option due to persistent inflation linked to the ongoing conflict in Iran.
Image source, TOBY MELVILLE / Getty Images Image caption, Prime Minister Andy Burnham has announced a rake of cost-of-living measures since taking office last week
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