BRITAIN will go bankrupt under Andy Burnham’s leadership because he refuses to say no to colleagues asking for more funds, Tory leader Kemi Badenoch claimed yesterday.

She insisted that his first statement to the Commons as PM on Tuesday made his problem clear — despite turmoil on the over his grip on public finances.

Kemi Badenoch giving a speech on defense at London Scottish House.Kemi Badenoch has accused Andy Burnham of risking Britain’s finances by refusing to rein in spending demands Credit: PA Prime Minister Andy Burnham speaking during his first Prime Minister's Questions, with cabinet members listening.The Tory leader insisted that Burnham’s first statement to the Commons as PM on Tuesday made his problem clear Credit: PA

Probed on whether he will bankrupt the country, she said: “If you listen to his statement, I think the answer is ‘probably’, because he had so many requests for government spending, so many requests for taxpayers’ money.

“He didn’t say no to anything.

“If someone doesn’t know how to say no, then they will run out of money.

“The problem with socialism is they always run out of other people’s money, not their own.”

Meanwhile, senior Labour MP Dame said she expected taxes to rise at next month’s Budget.

She pointed to “huge strains” on the economy as Chancellor grapples with , the Iran War and an estimated £14billion blow to finances owing to increases in the Government’s borrowing costs.

Economists believe an estimated £14billion has been wiped away from the Government’s financial cushion due to the hikes in borrowing costs.

Lord O’Neill, an ally of the PM, says the bond markets would welcome the Government tackling the “sacred cows” such as the triple lock or welfare costs to get on top of the public finances.