Investing.com -- British Prime Minister Andy Burnham said Monday he would never take risks with the economy and reaffirmed his commitment to follow the previous government's fiscal rules. Burnham promised to deliver cost of living relief measures while maintaining fiscal discipline. When asked about increasing borrowing for investment while meeting fiscal targets, Burnham told reporters he would stick to existing fiscal rules and use available flexibility within them. Advertisement AdvertisementAdvertisement AdvertisementIn his first speech outside his Downing Street office, Burnham said he plans to reduce welfare spending to stay within fiscal rules and meet Britain's defense commitments. Burnham told reporters he was finalizing the details of those measures but declined to specify them.