Burnham Seeks BOE Bailout to Boost Growth
New Prime Minister Andy Burnham has placed growth at the heart of the refreshed Labour administration he leads.
To ease his fiscal bind, Andrew Webb from OCO Global suggests a 'radical' option: Bank of England assistance.
The option would require the central bank to offer support similar to what was provided during the 2008 financial crisis. This could help stabilize markets and provide much-needed capital for growth initiatives.