UK’s likely next leader Burnham commits to existing fiscal rules

Andy Burnham, the Labour lawmaker expected to replace Keir Starmer as British prime minister, said his plans for the country are consistent with the party’s 2024 manifesto, reiterating his commitment to a series of fiscal rules.

The fiscal rules, which include balancing day-to-day spending with tax revenues and reducing debt as a share of output, are closely watched by financial markets....