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Darren Jones says bond markets should be ‘content’ with Burnham’s economic plans – UK politics live

Darren Jones says bond markets should be ‘content’ with Burnham’s economic plans – UK politics live

Summary

Darren Jones, the chief secretary to the UK Prime Minister, said he will not run for Labour leadership against Andy Burnham. Jones expressed confidence that Burnham’s government would keep borrowing under control while possibly borrowing a bit more to fund investments. Burnham has also chosen former Blair minister James Purnell as his chief of staff and plans to replace Rachel Reeves as chancellor.

Key Facts

  • Darren Jones will not challenge Andy Burnham for Labour leadership.
  • Jones had been urged by some Labour MPs loyal to Keir Starmer to run but declined.
  • Jones spoke with Burnham and received reassurances about Burnham’s economic plans.
  • Burnham may increase borrowing slightly but intends to follow fiscal rules to keep debt under control.
  • Burnham appointed James Purnell, who served under Gordon Brown, as his chief of staff.
  • Burnham plans to replace Rachel Reeves as chancellor, according to BBC reports.
  • Andy Burnham aims to unite the Labour party and focus on delivering results before the next general election.
  • Keir Starmer will soon stop attending Prime Minister’s Questions in Parliament as Burnham prepares to take over that role.
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