Published 2 days ago • loading... • Updated 6 hours ago
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.