00:00Britain is facing a summer of chaos. Investment decisions across the country will be put on
00:06hold every time the newspapers are briefed about new tax rises. The markets will react
00:12every time it looks like Britain is going to be borrowing more money. Our economy will
00:16be left in limbo. And all Labour MPs care about is which jobs they will be getting in
00:23the new government. The fact is, whether Andy Burnham likes it or not, Britain is
00:29facing a harsh economic reality. Our national debt is nearly 100% of GDP. Our
00:38credit card is maxed out. We are spending more on debt interest alone than we do
00:44on defence. We are already paying more to borrow than Greece and Morocco. Any
00:51signal that Andy Burnham intends to borrow even more money will instantly mean
00:55higher borrowing costs. But he won't have to pay them. We will.
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