Far away from Liverpool and Labour delegates full of hope, there was an uncomfortable reminder of the task Andy Burnham faces.
The UK debt office sold £4.25billion of ten-year gilts, to help finance the country’s gaping borrowing needs, with an eye-watering yield of 5.383 per cent. That is the highest return offered since September 1999.
The Prime Minister’s undertaking to adjust the ‘triple lock’ on state pensions beyond 2030 genuinely is bold and goes where other politicians dare not tread.
Over the very long term this could eventually be worth as much as £15billion to the Exchequer. So it is, as the Institute
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