Andy Burnham delivers first major speech as Labour leadership frontrunner, outlining devolution and economic rebalancing plans
Andy Burnham, the former Greater Manchester mayor and newly elected MP for Makerfield, delivered his first significant policy speech since entering the Labour leadership race at the People's History Museum in Manchester on Monday. He outlined plans for a large-scale transfer of power away from Westminster to regions and local communities, framing this as a 'circuit breaker' for the UK. Key proposals included a 'No10 North' coordinating body reportedly to be based in Manchester, a 10-year mission to raise living standards, and a focus on reindustrialisation and housebuilding. Burnham is widely expected to become Prime Minister on approximately 20 July, following Keir Starmer's departure. Questions around his Chancellor pick and fiscal plans remain unresolved and are of particular interest to financial markets.
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