The UK's potential next Prime Minister is about to deliver a speech; analysts warn against excessive spending.

```htmlGolden Ten Data reported on June 29 that David Stritch, a strategist at the UK hedge fund Caxton, stated that since the pandemic, UK government bond yields have risen significantly, borrowing costs have nearly doubled in just a few years, and the government’s fiscal deficit continues. In this situation, the last thing needed is a new round of large-scale fiscal subsidies or cash handout programs. The last time the UK government introduced an ambitious but underfunded scheme that deviated from the traditional economic policy framework, it ultimately led to disaster. It would be very wise if Burnham can avoid repeating this mistake.```