ANOTHER win for the bond market. Andy Burnham has conceded that, should he be the next prime minister, he would stick within the Treasury’s existing fiscal rules.

This is a U-turn from his previous position, which was that politicians should stand up to the international money markets and be no longer “in hock” to those buying and selling government debt.

He first modified this by arguing that he might seek to fund the huge increases in military spending being imposed by Keir Starmer through some special fund sitting outside the main financial strategy.

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