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<p style="color:#333333;font-weight:normal;font-size:16px;line-height:30px;font-family:Helvetica,Arial,sans-serif;hyphens:auto;text-align:justify;" data-flag="normal">Investors have warned that an Andy Burnham-led Labour government would spark a sell-off in gilts and the pound if it launched a borrowing spree against a backdrop of fragile markets.</p><p style="color:#333333;font-weight:normal;font-size:16px;line-height:30px;font-family:Helvetica,Arial,sans-serif;hyphens:auto;text-align:justify;" data-flag="normal">Burnham, Labour mayor of Greater Manchester, said that the UK should not be “in hock” to bond markets, as he burnished his leftwing credentials in what is widely seen as a challenge to Prime Minister Sir Keir Starmer.</p><p style="color:#333333;font-weight:normal;font-size:16px;line-height:30px;font-family:Helvetica,Arial,sans-serif;hyphens:auto;text-align:justify;" data-flag="normal">But fund managers said Burnham’s proposal to borrow an extra £40bn to build...