Burnham must show markets he’s not just ‘tax and spend socialist with better TikTok’, says top economist – UK politics live

Former Bank of England chief economist says Burnham needs to reassure the financial markets that he can cut spendingWes Streeting, the defence secretary, has posted this on social media ahead of Andy Burnham’s meeting with the Nato secretary general Mark Rutte later.Today I am reminded of the words of my Labour predecessor Denis Healey:“Once we cut defence expenditure to the extent where our security is imperilled, we have no houses, we have no hospitals, we have no schools. We have a heap of cinders.”[Britain] is leading, along with Nato allies, the push back against Russia’s dangerous and reckless campaign against