Andy Burnham leaves Greater Manchester with £1.34billion debt before becoming Prime Minister

Andy Burnham is leaving Greater Manchester with £1.34billion of outstanding borrowing, the largest debt pile of any combined authority in England, as he prepares to enter Downing Street.

Government figures show the former mayor’s borrowing stood at £1.34billion at the end of the last financial year, up from £964million before he took office in 2017.

 

When measured against population, the Greater Manchester Combined Authority’s borrowing equated to £462 per resident, making it the second highest of any combined authority in England.

The West Midlands Combined Authority, by comparison, has accumulated borrowing of £544million, meaning Greater Manchester’s total is almost two and a half times higher.

A report published on Monday suggested taxes could rise by £38billion under a Burnham premiership.

The increase in borrowing has been driven primarily by capital investment projects, including the flagship Bee Network integrated transport system, alongside housing and regeneration schemes.

Under his transport reforms, accounts showed Mr Burnham allocated £550,000 to paint 93 buses yellow.

The Bee Network generated a net annual deficit of £227million, according to the Confederation of Passenger Transport (CPT), which said expenditure had increased since the network launched in 2023.