News Summary

• Today's inflation figures underscore that the economy is the biggest challenge facing Andy Burnham.
• There is increasingly apparent concern at all levels of the government and Labour Party about how that Budget can substantiate Burnham's rhetoric.
• Andy Haldane told LBC that without signs of cuts to public spending "the markets now suspect that this is a traditional tax and spend socialist government with better TikTok videos" The Budget is only six weeks away and will be the first and most important sign of the new government's answer to that question.