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Burnham's £40 Billion Housing Plan Sparks Controversy

9/26/2025

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Summary

Story summary

Andy Burnham, Mayor of Greater Manchester, proposes borrowing £40 billion to fund council housing.
Labour allies criticize the plan as risky for the bond market, drawing parallels to Liz Truss.
Economists argue Burnham's proposals could worsen the UK's budget deficit and borrowing costs.
Some party members remain supportive ahead of Labour's conference.

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Story summary

Andy Burnham, Mayor of Greater Manchester, proposes borrowing £40 billion to fund council housing.
Labour allies criticize the plan as risky for the bond market, drawing parallels to Liz Truss.
Economists argue Burnham's proposals could worsen the UK's budget deficit and borrowing costs.
Some party members remain supportive ahead of Labour's conference.