# Britain’s economy faces a ‘heart attack’, Andy Burnham’s former adviser warns

- URL: https://talkfuse.com/story/britains-economy-faces-a-heart-attack-andy-burnhams-former-adviser-warns/
- Published: 2026-11-11T13:14:28+00:00
- Updated: 2026-11-11T22:06:49+00:00
- Original publisher: The Independent (publisher lean: Left)
- Original article: https://www.independent.co.uk/news/uk/politics/andy-burnham-economy-andy-haldane-bank-of-england-b3082273.html
- Topics: Business, Economy, Politics, UK, World

## Key points

- Haldane warns the Budget risks a financial crisis.
- He says Britain’s fiscal position is precarious.
- He calls for £30bn to £40bn in savings or tax rises.

## Summary

Former Bank of England chief economist Andy Haldane has warned that Prime Minister Andy Burnham’s Budget could leave Britain vulnerable to a serious financial crisis. Haldane says the government has failed to strengthen its finances while borrowing costs remain high, risking a repeat of the market turmoil seen after Liz Truss’s 2022 Budget.

Haldane, who informally advised Burnham after he took office in July, says the UK’s fiscal position is more precarious than at any time in the past 50 years. He argues that borrowing costs are the highest in the G7 despite Britain having a lower debt burden, and that the government should raise £30bn to £40bn through tax increases or spending cuts. He also criticises plans to reduce fiscal headroom from £23bn to £16bn, warning that a crisis could harm the poorest most.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.