Burnham becomes UK PM facing seven major economic challenges

Andy Burnham takes office as UK Prime Minister as Britain grapples with a series of global economic shocks and years of weak growth in living standards driven by underinvestment and deep regional inequality. The Labour leader pledged to deliver "good growth in every postcode" by devolving power from Westminster to local communities. Tight public finances and the countdown to the next general election make the task far from straightforward.