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MPs Block Miliband Chancellor Bid Over Market Concerns

6/22/2026

23 3 Full Breakdown

Summary

Story summary

MPs, Andy Burnham allies campaign to block Ed Miliband from the chancellor post, citing market concerns.
Andy Burnham won Makerfield with 54.8% on Thursday, positioning him for a Labour leadership bid and Treasury role.
MPs say Wes Streeting wants the chancellor job despite a leadership bid.
Sharon Graham warns a Miliband chancellorship would hurt jobs while gilt trader James Athey says it would raise borrowing costs, creating a “Miliband premium”.

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Story summary

MPs, Andy Burnham allies campaign to block Ed Miliband from the chancellor post, citing market concerns.
Andy Burnham won Makerfield with 54.8% on Thursday, positioning him for a Labour leadership bid and Treasury role.
MPs say Wes Streeting wants the chancellor job despite a leadership bid.
Sharon Graham warns a Miliband chancellorship would hurt jobs while gilt trader James Athey says it would raise borrowing costs, creating a “Miliband premium”.