Andy Burnham's recent PMQs appearances have centered on defending his fiscal approach amid rising borrowing costs and pressure over defence spending targets, with the new prime minister refusing to rule out tax rises while rejecting welfare cuts to fund security priorities. His exchanges with Kemi Badenoch have highlighted tensions around the October budget, pension triple lock sustainability, and a promised "new style of politics" that has quickly turned into familiar partisan clashes on public spending. Traders are watching for signals on how Burnham balances these competing demands at the October 14 session, especially as Labour's conference narrative and early governance decisions shape perceptions of his premiership's momentum and resilience against Conservative attacks.