EXCLUSIVE:
Andy Burnham will use a speech next week to pledge to grow the economy and commit to Labour’s fiscal rules, as he prepares to enter Downing Street after the resignation of Sir Keir Starmer
Burnham will use the speech early next week to attempt to bolster his economic credentials amid concern in the markets about his premiership
He will promise to reduce the national debt and the cost of borrowing as he sets out a “credible” plan for growth within the current fiscal rules
The Times has been told that he is choosing between Miliband, the energy secretary; Wes Streeting, the former health secretary; and Shabana Mahmood, the home secretary, as his chancellor
He is yet to reach a decision but is said to want to avoid appearing “factional” as he appoints his cabinet
Miliband had been favourite for the role but has been the subject of briefings by cabinet colleagues who believe he is not pro-business enough and will undermine market confidence. This is categorically rejected by Miliband’s allies, who say he is the only candidate with the experience and vision to transform the economy
Streeting emerged as a frontrunner for the chancellorship after he announced that he will back Burnham less than two hours after Starmer’s Downing Street speech. He said he believes that Burnham can deliver “the change our country needs” and that he does not want to spend the summer “exaggerating our small differences” in a contest
Mahmood is said to want to stay on as home secretary but is still being viewed by Burnham as a serious contender for the role
In a further attempt to reassure the markets, Burnham is expected to offer Lord O’Neill of Gatley, a former Goldman Sachs banker and Treasury minister, and Andy Haldane, a former chief economist at the Bank of England, roles in his government
The Times has been told that the defence investment plan — which led to a series of extraordinary rows culminating in the resignation of John Healey as defence secretary — is likely to be delayed until Burnham is prime minister. Burnham is said to be keen to examine the plans and make the decision himself
https://t.co/HDWtPwVgdC
You can tell these guys aren’t even close to getting it because what is the “bridge back”? Unstable work with no hope of your living standards actually improving?
Great piece by @FraserNelson in today’s Times. This sentence in particular stood out:
“Left or right, nationalist or unionist, populist or centrist: all know that the welfare state needs to go back to what it was originally built upon. That is: support should be a bridge back into life, not a destination.”
Fraser deserves huge credit for championing this issue over many years, and I hope Alan Milburn’s interim report encourages all parties to begin focusing on a unified approach to welfare reform and tackling the NEETs crisis over the summer.
@volvicstorm98 Reporting from the provinces here they had Kacey Musgraves on Radio 1 for live lounge / interview last week so might explain it a bit? Label trying to take advantage of the country wave?
I know we don’t care about this Bournemouth game but that is the worst penalty decision I’ve seen in years
About to see hundreds of tweets going “How has VAR given this?!?!?”
Brennan Johnson cameo appearance has been watching a Shakhtar guy run past him into space and not track him
Then play an awful pass forward that goes out for a goal kick
Hope we kept the receipt!!!
“Our media is so fucking cool” is the other side of that spurs linkedin guy posting about the digital match day experience
They’re just businesses with clubs attached, the fans are now enjoying adverts lol