Ditch Pensions Triple Lock and Cut Welfare Spending to Calm Markets, Burnham Told The UK's new prime minister, Andy Burnham, is facing a daunting challenge as he prepares to deliver his first Budget.
The bond market's recent shock has sent ripples through the economy, and experts are urging him to take drastic measures to calm the markets and bring spending under control.
One of his former economic advisers, Jim O'Neill, warns that if Burnham doesn't act quickly, the penalty for inaction will be severe – and ultimately, it's the pensioners who may suffer.