politics

Burnham's economic adviser advocates for increased borrowing for infrastructure projects

23 Haziran 2026The Guardian

Jim O’Neill, former chief economist at Goldman Sachs and chief economic adviser to Andy Burnham, is advocating for increased government borrowing to fund infrastructure investments. This proposal indicates a potential shift in policy direction for Burnham, moving away from the current strategies of Keir Starmer.
O’Neill suggests establishing an independent body for infrastructure spending similar to the Office for Budget Responsibility, which would allow for greater financial flexibility on major projects.
The discussion around infrastructure investment comes at a time when many regions are facing challenges related to aging infrastructure and economic recovery post-pandemic. O'Neill's proposals may resonate with constituents who prioritize job creation and improved public services, making it a pivotal issue in the up…
O'Neill's call for increased borrowing reflects a growing sentiment among economists that substantial investment in infrastructure is crucial for long-term economic growth. By proposing an independent body for oversight, he aims to ensure that funds are allocated efficiently and transparently.

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