The next round of austerity is on its way

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It is often said that you can know a person by the company they choose to keep.

Andy Burnham has chosen Tory-appointed, former Goldman Sachs banker Lord Jim O'Neill as an adviser.

As the FT notes this morning:

An adviser to Andy Burnham has warned against further taxes on business, as the head of the UK's union movement reiterated calls for an increased levy on banks.

Lord Jim O'Neill, a former Goldman Sachs chief economist who has been helping Burnham frame a policy agenda, said the prospective prime minister should embrace spending controls, not tax rises.

“We can't just keep avoiding what are seen as difficult choices and having backdoor ways of raising taxes. And we certainly shouldn't raise them on business,” he told Sky News on Tuesday.

I like to think Burnham would ignore such advice. But he has chosen O'Neill to advise him, so how could he, and how would he?

The next round of austerity is on its way.

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