Burnham’s ambitions will soon collide with fiscal reality

The PM has so far outlined ambitious plans that might cost over £45bn (1.5% of GDP). But market constraints and his commitment not to hike the big three taxes means his ambitions will soon collide with the fiscal reality. This will limit the size of any increase in spending and borrowing.

We’ll be discussing the outlook for BoE, Fed and ECB policy in a 20-minute online briefing at 3pm BST on Thursday 30th July. (Register here.)