Burnham brings in top economists before possible leadership run
Summary
Andy Burnham has brought in three well-known economists to advise him ahead of his possible return to parliament and a leadership challenge to Keir Starmer. If Burnham wins a by-election on Friday, he may try to replace Starmer as Labour leader soon after.Key Facts
- Andy Burnham is receiving advice from Andy Haldane, Richard Hughes, and Jim O’Neill, all experienced economists.
- Burnham aims to reassure financial markets before the Makerfield by-election on Friday.
- If Burnham wins the seat, he plans to try to persuade Starmer to step down as Labour leader.
- Burnham’s team believes they have support from over 81 Labour MPs to back a leadership challenge if needed.
- Starmer’s allies warn that a leadership contest could create political and economic instability.
- Burnham has said he does not plan to change current fiscal rules set by Chancellor Rachel Reeves.
- Possible candidates for chancellor under Burnham’s leadership include Ed Miliband, John Healey, or Wes Streeting.
- The economists advising Burnham have backgrounds in the Bank of England, budget responsibility oversight, and economic policy in northern England.
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