Gilt Market Becomes Early Starmer-Burnham Battleground

The article discusses the developing battle between Keir Starmer and Andy Burnham within the Labour party, particularly around the issue of government borrowing. Starmer's allies have criticized Burnham's comments suggesting he would increase borrowing, warning that this could unsettle the bond market and draw comparisons to the disastrous tenure of former Prime Minister Liz Truss. The article highlights the tensions within the Labour party as it navigates the complex economic landscape and prepares for a potential return to power. Starmer's team appears to be positioning him as the more fiscally responsible candidate, while Burnham's stance on borrowing has drawn criticism from his rivals. The article suggests that the debate over government borrowing and fiscal policy could become a key battleground as the Labour party leadership race continues to unfold. It underscores the importance of economic management and the party's ability to reassure financial markets as it seeks to present a credible alternative to the current Conservative government.