Andy Burnham’s comments on the bond markets reveal that he is not a sophisticated thinker on economics, so we must hope he listens to his heavyweight advisers.
Another Andy – Haldane, the former Bank of England chief economist, whose warnings about inflation and money-printing in the pandemic proved prescient – is alarmed at the wave of overseas takeovers stripping the UK of valuable assets.
Labour’s policies and its internal strife have deterred genuine overseas investment, while creating fertile conditions for the foreign predators currently eyeing UK companies in much the same way a hyena would look at a baby antelope.
Big names in the buyers’ sights include easyJet, ITV and Segro, the giant warehouse and data centre Real Estate Investment Trust (REIT).
Worse, it is not just Segro but the entire REIT sector that looks vulnerable.
