Burnham’s cost-of-living promises—capped bus fares and lower electricity bills—sound appealing, but Niesr warns funding them without tax hikes or spending cuts is a tall order. With inflation stubbornly high and global pressures mounting, the think tank suggests alternatives like council tax tweaks or VAT adjustments, even hinting at possible income tax changes if needed. They forecast inflation peaking at 3.8% in early 2027 before falling, with interest rates staying high until 2028, pushing national debt upward. The Treasury insists on fiscal discipline, pledging to keep investing in public services while balancing short-term relief with long-term stability.
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