Andy Burnham has confirmed he will not change the UK's fiscal rules, despite suggestions he might exempt defence spending. His campaign stated this option is no longer available, aiming to calm markets amid global turmoil and rising borrowing costs.
Andy Burnham has abandoned plans to alter UK fiscal rules, which limit government borrowing. This decision comes amid global market volatility and rising UK borrowing costs, with Burnham aiming to reassure markets and reduce political uncertainty.
The U.S. Department of Education is providing conflicting information about new federal student loan borrowing limits taking effect July 1, 2026, according to NASFAA. A provision in President Trump's 'big beautiful bill' established a $257,500 lifetime borrowing cap, but the Education Department has not clarified whether Grad PLUS loans will count toward that ceiling. The uncertainty comes as students make decisions about graduate school this fall.
