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New UK PM Andy Burnham promises sweeping reforms — investors worry about the pound
📈 Business

New UK PM Andy Burnham promises sweeping reforms — investors worry about the pound

New UK Prime Minister Andy Burnham has promised the biggest economic reforms in four decades, including ambitious social programmes and increased defence spending. Investors are questioning how the plans will be funded, with potential additional borrowing estimated at around £5 billion. Concerns over public finances are raising fears about the future stability of the pound sterling.

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