"“He's only popular because he hasn't had to do anything. Politics is about making difficult decisions.” She added that higher borrowing plans associated with Mr Burnham would feed through into the wider economy. “That's going to hit everybody's mortgages; that's going to hit borrowing costs for this country. It's going to put billions on debt interest - you'll be paying a Burnham premium.”"
"The Conservative leader said Mr Burnham's popularity was based on the fact he "hasn't had to do anything", arguing that governing at the national level would expose him to difficult fiscal decisions. Speaking on Sky News's Sunday Morning With Trevor Phillips, Mrs Badenoch said: "He's only popular because he hasn't had to do anything. Politics is about making difficult decisions.""
"Mr Burnham, who has repeatedly positioned himself as a challenger for the Labour leadership, has called for greater public control over key utilities, including energy, water and housing, alongside a large-scale council house-building programme. His allies argue that such reforms are necessary to address what they describe as deep structural problems in the housing and cost-of-living crisis."
"In a separate intervention, Mrs Badenoch also criticised other senior Labour figures, including Health Secretary Wes Streeting, saying: "They're all as bad as each other." She argued the party lacked a coherent economic strategy, claiming: "They've got no plan for the country.""
Kemi Badenoch warned that Andy Burnham’s plans for higher public borrowing would create economic instability. She said increased borrowing would raise mortgage costs for families and increase borrowing costs for the country. She argued the approach would add billions to debt interest and impose a “premium” on households. Badenoch also claimed Burnham’s popularity comes from not having to make difficult decisions, contrasting local politics with national fiscal responsibility. She criticized Labour’s economic direction, saying the party lacked a coherent plan for the country. She further said senior Labour figures were similarly ineffective. The remarks came amid speculation about a possible Labour leadership contest linked to a by-election and Burnham’s potential return to Westminster.
#public-borrowing #mortgage-and-borrowing-costs #debt-interest #labour-leadership-speculation #housing-and-utilities-policy
Read at London Business News | Londonlovesbusiness.com
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