STORY
Andy Burnham is preparing to become Labour leader and Prime Minister after securing the support of a clear majority of the party’s MPs. Labour is expected to complete its leadership process this week, with Burnham due to succeed Keir Starmer and enter Downing Street on 20 July.
The incoming leader is considering an early fiscal reset, including the possibility of combining an autumn Budget with a wider review of departmental spending. Such a move would allow the new administration to set out its priorities before the final years of the Parliament.
Burnham will inherit pressure over economic growth, public services, immigration and defence spending. He has promised a greater transfer of power away from Westminster while maintaining the Government’s existing fiscal rules.