Analysts Ebury warn of underestimated political risks in U.K. as Andy Burnham’s candidacy raises concerns
The recent cancellation of a call by Andy Burnham, a leading candidate to challenge U.K. Prime Minister Keir Starmer, has heightened investor concerns about potential shifts in fiscal policy, particularly regarding government borrowing and spending. This uncertainty is impacting the U.K. bond market, with analysts warning of significant risks associated with a possible Burnham victory in the upcoming by-election.