{
  "id": 17212815,
  "title": "Burnham’s former economic adviser gives Budget a four out of 10",
  "url": "https://urgent.news/2026/10/30/burnhams-former-economic-adviser-gives-budget-a-four-out-of-10",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-30T10:45:51.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/burnhams-former-economic-adviser-gives-budget-a-four-out-of-10/"
  },
  "original_language": "en",
  "account": "Andy Haldane, a former economic adviser to Andy Burnham, gave Chancellor John Healey's Budget a four out of 10 rating. Haldane warned that there was a 50% chance the UK economy would be in worse shape next year than it is now. He criticized the Budget for failing to make significant improvements in protecting the public finances and called for more insurance measures to guard against potential issues. Haldane expressed disappointment with the Chancellor's approach, stating that the Budget amounted to a \"do-no-harm\" event and that it had not addressed the government's fiscal precarity. The Chancellor managed to avoid immediate backlash from the bond market, but Haldane believed that a more robust effort to control public spending could have led to better borrowing costs for the government.",
  "summary": "One of Andy Burnham’s former economic advisers has given John Healey’s Budget a four out of 10, warning there remained a 50 per cent chance the UK economy will be in worse shape next year than it is now. Andy Haldane, who for years served as chief economist at the Bank of England, told the [...]",
  "key_points": [
    "Andy Haldane gave Budget a 4/10 rating",
    "Warned 50% chance UK economy worsens next year",
    "Criticized lack of public finances improvements"
  ],
  "editors_take": "The Budget's failure to implement robust spending controls leaves the government vulnerable to fiscal instability and misses an opportunity to secure more favorable borrowing costs through stronger economic safeguards.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}