The Papers: 'City warns Burnham' and 'One in the eye'
Summary
The City of London has warned Prime Minister Andy Burnham that markets could become unstable if he continues to increase government borrowing. Conservative leader Kemi Badenoch has promised to raise defense spending by cutting welfare, while French President Emmanuel Macron has offered extra police support to help with the UK's small boats crisis.Key Facts
- The City of London cautioned Prime Minister Burnham against excessive borrowing to avoid market chaos.
- Burnham did not rule out more borrowing during his first Prime Minister's Questions session.
- Conservative leader Kemi Badenoch pledged to increase defense spending to 3% of GDP by 2030 by cutting welfare benefits.
- French President Emmanuel Macron offered 45 additional police officers to help the UK manage migrant small boats.
- Defense select committee chair Tan Dhesi urged the prime minister to commit more funds to national defense.
- The British royal family's computer systems are at risk from cyberattacks due to outdated technology.
- Chancellor John Healey is facing reduced spending power after government bonds were heavily sold off.
- Burnham expressed concern about the EU's "Made in Europe" procurement plan affecting British steel and farming.
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