Andy Burnham won’t commit to keeping Labour’s manifesto promises on tax and has opened the door to new tax rises if he becomes PM, according to Bloomberg's Wickham

His decision to back the current fiscal rules wins him a reprieve from markets, but it limits his options to fund policies like council house-building. It raises the prospect of tax hikes. Asked by Bloomberg if he is committed to Labour’s election manifesto pledges not to raise income tax, national insurance, VAT or corporation tax, his campaign declined to say so. They also didn’t rule out new taxes on wealth.