What would a Burnham premiership mean in practice? In this episode of Housing Unpacked, Tom is joined by former Treasury special adviser James Nation to explore which policies will remain longer-term ambitions, and what is realistically deliverable in the near term.
Will a coronation create legitimacy concerns? Is an emergency Budget needed? And with fiscal wriggle room tight, who becomes Chancellor and how difficult is the job they inherit?
For the property market, there is a lot on the line. There is renewed speculation around CGT alignment with income tax, a familiar debate over the merits of a land value tax, and early signals on greater devolution of fiscal powers.
But each comes with big questions around how much revenue they raise, how quickly they can be delivered, and whether they survive contact with Treasury scrutiny.
Either way, Burnham will now be judged on what he does rather than what he says.
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