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Burnham’s Tightrope: Economy and Debt | Lubbock News
Description
New PM Andy Burnham hits the ground running amid a crumbling economy and soaring living costs, facing pressure to slash debt while juggling rising defense demands. He’s brought in ex-Defense Secretary John Healey to rein in spending, and rolled out a temporary reprieve on home electricity taxes to ease household burdens. With growth stuck below 1.5% since the 2008 crash and debt at 60-year highs, Burnham’s pivot toward reindustrialization and small business support aims to spark growth without hiking taxes or cutting pensions — a tightrope walk that demands bold moves to keep the nation moving.
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