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UK chancellor faces rocky path to economic renewal
The UK’s new Prime Minister, Andy Burnham, is already sending shockwaves through Westminster. Defying almost every political forecast and market expectation, he has named John Healey, a former defense secretary, as the new chancellor of the exchequer. Healey steps into this role — one of the most powerful in the UK government — at a challenging moment for the British economy. Growth has been too low for too long; fiscal flexibility is limited; borrowing costs are the most burdensome among the G7 economies; and taxes are already high, though public services often disappoint.
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apnews.com
Britain's new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy
Britain’s new leader, Andy Burnham, is facing the same old problem: How can he kickstart a sluggish economy so that growing companies and increased output generate enough…
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thestar.com
Britain’s new prime minister must solve the old riddle of how to reinvigorate a slow-growing economy
LONDON (AP) — U.K. Prime Minister Andy Burnham’s announcements during his first 24 hours on the job underscore the political and financial challenges he faces as he tries to…
