- Economists have warned that taxes may need to rise to fund new policies announced by prime minister Andy Burnham .
- Mr Burnham's initial policy announcements include a 20 per cent business rate cut for pubs, clubs, and live music venues.
- Further measures comprise a VAT cut to electricity bills and a cap on bus fares at £2 from January.
- The prime minister has also pledged to fix social care and ease the cost of living for citizens.
- The Resolution Foundation estimates the business rate cuts alone will cost the government around £100 million per year, potentially requiring a "significantly revenue-raising Budget".
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