Andy Burnham has been accused of risking a Liz Truss -style economic meltdown by planning an “enormous borrowing splurge” if he becomes prime minister.

The Manchester mayor has made little secret of the fact that he is after Keir Starmer’s job with a number of eye-catching interventions in the run-up to next week’s Labour Party conference.

In an interview with the New Statesman magazine, he backed the nationalisation of energy, water and the railways – policies which would cost billions of pounds to implement.

He also dismissed concerns about the size of the government’s debt, saying the UK must “get beyond this thing of being in hock to the bond markets”.

Those markets, which determine the interest rates the government pays on that debt, went into meltdown after Truss’s mini-Budg

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