John Healey: Burnham Sends Up a Flare to Calm the Bond Market

You have to hand it to Andy Burnham — the brand-new UK prime minister loves a surprise. After days of Westminster scuttlebutt that the contest to become his chancellor of the exchequer was a two-horse race between “fiscal hawk” Shabana Mahmood and soft-left market frightener Ed Miliband, he’s opted for one of the outside bets.