Burnham's 'Breathing Space' Illusion The phrase "breathing space" has become a staple of election season rhetoric, a comforting promise to voters that current economic woes will soon abate.
But when it comes to Andy Burnham's administration, this buzzword is being put to the test by the harsh reality of future Bank rate rises.
Recent Bank of England minutes suggest policymakers may be on the cusp of raising interest rates, which would be a harsh reality check for the Prime Minister's claims.