UK PM Burnham refuses to rule out more borrowing, blames Tories for debt crisis

New UK Prime Minister Andy Burnham, at his first PMQs, declined to rule out additional borrowing or tax increases to fund spending plans, attributing the UK's vulnerability to the global bond rout to the previous Conservative government. The UK's debt costs have hit near two-decade highs, signaling fiscal strain. This marks a shift in fiscal stance from the prior administration, with implications for UK fiscal policy and market confidence.