Five days into office, Andy Burnham is already facing the same question every UK Prime Minister eventually encounters: who really controls the economy?

In this episode, Anthony Cheung and Piers Curran break down Burnham's first economic policies, why rising gilt yields matter far more than political headlines, and what investors should really be watching ahead of the Autumn Budget.

They revisit the Liz Truss crisis to explain how bond markets forced a government into retreat, why today's starting point may be even more challenging, and whether Burnham's regional growth agenda can survive higher borrowing costs.

Along the way they explain bond vigilantes, the importance of the Chancellor, why markets care about fiscal credibility, and the sectors that could emerge as winners and losers from the new government's plans.

Whether you're investing, preparing for finance interviews, or simply trying to understand how politics moves markets, this episode explains the mechanics behind one of the biggest stories in the UK economy.

(00:00) Andy Burnham becomes Prime Minister

(01:58) The Liz Truss crisis explained

(03:42) Bond vigilantes and government borrowing

(08:34) Why today's bond market is different

(10:32) Burnham's first economic policies

(13:44) Can the government afford these promises?

(17:25) Meet the new Chancellor, John Healy

(19:36) Winners and losers for investors

What Does Andy Burnham Mean for the Economy & Markets?

Market Maker

What Does Andy Burnham Mean for the Economy & Markets?