It’s not the bond markets Andy Burnham should be afraid of. It’s his own MPs | Aditya Chakrabortty (opens in new tab)

To stay popular with the public – and his backbenchers – he’ll need to make big changes fast. That means changing the way the government borrowsA Labour leader arrives, shirt and smile ironed into place, in his hands a big idea. He has polished one slogan, prepped three anecdotes, memorised eight bullet points. He wants more cash for vital services, or workers to have a stake in their employers, or to take some utility into public control. Not so big an idea, really, but, right on cue, the at...