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 inAllNewsSportCultureLifestyleEconomists have warned that taxes may need to rise to fund new policies announced by prime minister Andy Burnham. Mr Burnham's initial policy announcements include a 20 per cent business rate cut for pubs, clubs, and live music venues. Further measures comprise a VAT cut to electricity bills and a cap on bus fares at £2 from January. The prime minister has also pledged to fix social care and ease the cost of living for citizens. The Resolution Foundation estimates the business rate cuts alone will cost the government around £100 million per year, potentially requiring a "significantly revenue-raising Budget". In fullAndy Burnham latest: New PM warned spending spree ‘will force tax rises’ as rate cut for pubs announcedMore 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

The new PM could deliver his first Budget as soon as October, The i Paper has been told

New Prime Minister Andy Burnham is expected to hit the ground running with a policy blitz in the coming days, including a package of cost of living measures to be unveiled on…