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“Burnham also told conference that he wants to "put the country on a new path" and recalled his family's "working-class aspiration" and how the government wanted to "unlock" this for others.”

“Meanwhile the markets - which determine the cost of borrowing for the government - are keeping a keen eye on whether Burnham's promises appear to be financially credible.”

“However, the government is under growing pressure to show financial markets that it has a tight grip on finances as the cost of borrowing rises.”

“The cost of home loans has been rising in recent weeks, as lenders face higher costs amid international concern over rising prices, interest rates, and government borrowing costs.”

“Could this be Burnham and Healey's attempt to shift that perception, even in the slightly wild markets for government borrowing?”

“- Published US government borrowing costs climbed to their highest level since 2007 after a jump in oil prices further fuelled concerns about inflation.”

“"But, the conflict in the Middle East does have impacts here at home - from the cost of the weekly family shop to the cost of government borrowing."”

“In an interview with the BBC on Monday, Healey did not rule out tax increases in the Budget, with a recent increase in government borrowing costs piling pressure on the public finances.”

“More recently, UK government borrowing costs have been rising, which has a knock-on impact on mortgage rates.”

“- Published Chancellor John Healey has refused to rule out tax increases in next month's Budget after acknowledging government borrowing costs are at "historic highs".”

“By pushing up the cost of borrowing for things such as mortgages, loans and credit cards, central bankers hope consumers will spend less and the rate of price increases will slow.”