“Decisions to secure our economic future are not easy – but they are critical.”Andy Burnham promises the UK a national reboot. Critical to his success will be his choice of chancellor, and the relationship with the financial markets. Rachel Reeves is closely associated with the failed Starmer premiership – but she knows how to do the job and has credibility with the markets. With new leadership she could prove a much better choice than other contenders. Who will UK Prime Minister in Waiting Andy Burnham choose to be the next Chancellor the Exchequer? It’s the second most important job in the country – the role of national CFO is critical. It requires a competent politician with a grasp of finance, bonds, taxation, project management, and central banking, but it’s likely Burnham will offer the post to secure the support of political rivals with careers spent in politics rather than commerce. Will it go to Ed Miliband, the least popular minister in a very unpopular cabinet, or has it already been promised to Wes Streeting, former Health Minister, in return from him standing down his own premiership goal in return for the job?I have a suggestion for Burnham. How about Rachel Reeves?That would be a bold call.You can read the Morning Porridge by subscribing on ⁠www.morningporridge.com⁠, and have it delivered fresh to your inbox every morning!

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related