Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleAndy Burnham, the new Labour leader, will use his first speech to commit to unpicking the economic settlement established by Margaret Thatcher. He will argue that Britain took a series of 'wrong turns' in the 1980s by centralising political power and privatising economic power. Burnham aims to forge a 'new path' for the country, implicitly rejecting the economic approach of the past four decades, including aspects accepted by Tony Blair. Policy indications include a potential £38bn tax increase and not ruling out a wealth tax, with economic policy to be driven from Downing Street. He will pledge to lead a united Labour party focused on practical solutions, working with other parties, and representing all regions of Britain. In fullBurnham to promise to undo Thatcher’s economic legacy in first speech as Labour leaderMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in