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This Is Why · Yesterday · 17 min

Why borrowing costs are Burnham’s biggest problem

Governments often tell people to live within their means - but can the new prime minister? Andy Burnham will need to try hard after the UK's long-term borrowing costs reached a 28-year high. It's a serious headache for a prime minister who faced his first PMQs on Wednesday. So why are the costs so high? And how will this impact chancellor John Healey's first Budget next month? Niall Paterson sits down with Sky's economics and data editor, Ed Conway. Have you got a question for Niall? Email us: why@sky.uk

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Governments often tell people to live within their means - but can the new prime minister?

Andy Burnham will need to try hard after the UK's long-term borrowing costs reached a 28-year high.

It's a serious headache for a prime minister who faced his first PMQs on Wednesday. So why are the costs so high? And how will this impact chancellor John Healey's first Budget next month?

Niall Paterson sits down with Sky's economics and data editor, Ed Conway.

Have you got a question for Niall? Email us: why@sky.uk

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