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Burnham Team Falls Into Infighting over Miliband Chancellor Pick

Allies are split over whether Ed Miliband or Shabana Mahmood should get the Treasury, as investors watch for a market-friendly choice.

  • Prime Minister-in-waiting Burnham received 369 nominations from the Parliamentary Labour Party as of Tuesday, yet he has delayed finalizing his Cabinet appointments ahead of taking office next week.
  • While supporters expected Energy Secretary Miliband to lead the Treasury, sources increasingly suggest Home Secretary Shabana Mahmood is now the favorite, citing concerns Miliband could become a "lightning rod for criticism of the government."
  • The Bloomberg Markets Live Pulse survey indicated Miliband attracted 5% of support, with some fearing his appointment would deter investors; supporters argue his experience in the Energy Department makes him the strongest candidate.
  • Reports suggest Foreign Secretary Yvette Cooper could also be in the running, and three senior Burnham allies told The Times they successfully lobbied against Miliband, though a spokesperson denied any decisions had been taken.
  • These leadership debates occur as Keir Starmer prepares for his final Cabinet meeting on Wednesday; the incoming Prime Minister must finalize his administration before succeeding Starmer at No10 next week.
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16 Articles

Evening StandardEvening Standard
Reposted by
The Independent (US)The Independent (US)
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Who will be in Andy Burnham’s Cabinet?

Ed Miliband has been touted as a possible chancellor.

·London, United Kingdom
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Bias Distribution

  • 42% of the sources lean Left
42% Left

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Bloomberg broke the news in New York, United States on Tuesday, July 14, 2026.
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