FT
Burnham acknowledged nationalisation could be expensive at a time when Rachel Reeves, chancellor, is facing a fiscal hole of up to £30bn at her November 26 Budget. But he argued his programme could be partly funded by higher council tax on expensive homes in London and the home counties, a 50p income tax rate for the highest paid and £40bn of borrowing to build council houses.
Asked if this might alarm bond markets, Burnham said: “We’ve got to get beyond this thing of being in hock to the bond markets.” One Starmer ally scoffed: “Markets, what markets?”
Meanwhile, Burnham was asked by the Daily Telegraph if he was being urged to stand against Starmer. “People have contacted me through the summer — yeah,” he said. Asked if he still wanted to be prime minister, he said: “I stood twice to be leader of the Labour party. And I think that tells you, doesn’t it?”
My God, this guy is an utter moron - I mean, certifiable.