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Markets4h 29m ago
Experts warn Andy Burnham's spending plans could spook the markets and lead to a drop in the pound if he wins the Makerfield by-election and becomes Prime Minister.
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Greater Manchester, UK, Westminster (London), Makerfield
Who
Andy Burnham, Matthew Ryan (Head of Market Strategy at Ebury), Robert Jenrick (economic spokesman for Reform UK), Sir Mel Stride (Shadow Chancellor), Wes Streeting (Ilford North MP), Sir Keir Starmer
What
Experts warn Andy Burnham's spending plans could spook the markets and lead to a drop in the pound if he wins the Makerfield by-election and becomes Prime Minister.
When
Tue, 16 Jun 2026 16:00:00 GMT · 4h 29m ago
Where
Greater Manchester, UK, Westminster (London), Makerfield ·
Why
Andy Burnham plans sweeping renationalization of major industries and has a track record of higher spending and taxation, which experts believe would necessitate higher taxes or borrowing, putting downside pressure on sterling.
The Frontline Impact
How this affects you
If Andy Burnham becomes Prime Minister, UK markets could reprice fiscal risk, potentially causing the pound to fall and impacting investor confidence due to concerns over increased government expenditure, borrowing, and taxation.
Story chain
2 events in this thread- Currently Reading4h 29m agoExperts warn Andy Burnham's spending plans could spook the markets and lead to a drop in the pound if he wins the Makerfield by-election and becomes Prime Minister.
- Markets4h 29m agoExperts warn that Andy Burnham's spending plans could spook the markets and lead to a drop in the pound.Open article