Can Andy Burnham fix Britain's broken finances?

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• 00:15

  The Economist.

• 00:21

  This week, Britain gained a new Prime Minister.

• 00:25

  I have just come from Buckingham Palace

• 00:28

  where I have accepted His Majesty the King's invitation to form a government.

• 00:35

  Andy Burnham is now the seventh PM since Brexit.

• 00:39

  And in his first speech outside Downing Street, he promised a new start.

• 00:44

  We will make this moment a circuit breaker for Britain,

• 00:49

  bringing forward the biggest changes in the last 40 years.

• 00:55

  A new political model and a new economic model.

• 01:00

  Burnham had tight-lipped about his future plans and his new team,

• 01:05

  revealing on Monday a surprise pick for Chancellor, former Defense Secretary, John Healey.

• 01:11

  This is the age of hard power and rising threat.

• 01:15

  This is not the moment for calibration or incremental change.

• 01:20

  This means bigger politics, bolder priorities, harder choices.

• 01:25

  Healey and Burnham inherit a Britain hamstrung by sluggish growth, soaring welfare bills, high debts and new threats.

• 01:34

  So, today, can the new PM and his Chancellor turn things around?

• 01:48

  You're listening to Money Talks from The Economist,

• 01:51

  our weekly podcast on the markets, the economy and the world of business.

• 01:56

  In London, I'm Ethan Wu.

• 01:58

  And in today's show, can Andy Burnham and John Healey fix Britain's broken finances?

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