What are the key takeaways from “Does Andy Burnham have any economic wiggle room?” on The Rest Is Money?

What is this episode about?

Paul Johnson, former director of the Institute for Fiscal Studies, argues that current fiscal rules and manifesto commitments severely constrain the government's ability to drive economic regeneration. He warns that relying on 'financial engineering' to increase investment is not a free lunch and emphasizes that the UK's long-term fiscal looseness has already significantly inflated borrowing costs.