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Andy Burnham faces crucial choice for chancellor amid battle for No 11

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The battle for Number 10 is over.

An overwhelming number of Labour MPs have nominated Andy Burnham. Under Labour’s rules he needs trade union support too.

He crossed that threshold today. He is moving into Number 10 on Monday.

But the beneath-the-radar battle for Number 11 Downing St is continuing. Whoever Burnham appoints as chancellor – and next-door neighbour in Downing Street – will send a signal of his intent both to politicians and to the bond markets.

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The official line from team Burnham is that no decision has been taken.

Announcements on cabinet posts are not expected to be made until Monday, when Burnham moves to Number 10.

Discussions have been taking place amongst a tight group of people – the next Number 10 chief of staff James Purnell, Louise Haigh and the former MP who stood aside for Burnham, Josh Simons.

When Burnham won the subsequent Makerfield by-election the widespread assumption was that the Energy Secretary Ed Miliband would move to the Treasury.

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But there has been both noisy and more subtle attempts to influence Burnham’s choice of chancellor – ranging from unions with workers in the oil and gas industry and who distrust Miliband’s instincts, to Sir Keir Starmer’s unpaid ‘cost of living’ tsar Lord Walker, the boss of Iceland.

He runs supermarkets but argues that it’s the bond markets that would “freak out” if an “ideological” chancellor was installed in the Treasury.

In recent days, a number of MPs close to Burnham – who have no animus to the energy secretary – believe the likelihood of appointing Miliband has lessened significantly.

The caveat is that they are not making the decisions, but are discerning the mood.

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Those close to Miliband believe that it’s not only highly possible that he will still be appointed but highly desirable too.

They point to his credentials. He has an economics background, was an adviser in the Treasury under Gordon Brown and chaired the Council of Economic Advisers.

He has ministerial experience in the last Labour government and this one. He knows his way around. A colleague put it like this: “He can make the Treasury do what it doesn’t want to do.”

Miliband has offered advice to Burnham regularly and recently and would be in lock-step with Burnham in the task of spreading growth, in Burnham’s words, “to every postcode”.

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As for the bond markets, one supporter has stressed his adherence to the fiscal rules on debt and borrowing, and another put it more colourfully: “He isn’t Che Guevara.”

Many in the parliamentary party would expect him to move to Number 11. If he isn’t, some on the party’s soft left will think that Burnham has refused the first fence in the race to change Britain.

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Touchstone Dividend Equity Fund Q2 2026 Commentary

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Touchstone Dividend Equity Fund Q4 2025 Commentary

At Touchstone Investments, we recognize that not all mutual fund companies are created equal. Our commitment to being Distinctively Active means the employment of a fully integrated and rigorous process for identifying and partnering with asset managers who sub-advise our mutual funds and advocating a robust approach to portfolio construction that either uses standalone active strategies or serves as a complement to passive strategies. That is the power of Distinctively Active.

Touchstone Funds are offered nationally through intermediaries including broker-dealers, financial planners, registered investment advisors and institutions by Touchstone Securities, Inc. For more information please call 800.638.8194 or visit www.touchstoneinvestments.com

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Touchstone Investments helps investors achieve their financial goals by providing access to a distinctive selection of institutional asset managers who are known and respected for proficiency in their specific area of expertise.

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School uniform swap shop ‘helps save money and tackles second hand clothes stigma’

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A close-up photograph shows a man and a woman - both with brown hair - posing together outdoors and looking toward the camera. The man wears a white hat. The backdrop is a city street with a building façade, outdoor seating and an orange scooter visible in the background.

Almost half of parents said they’re worried about the cost of school uniforms, according to research by the charity Save the Children and the Baby Bank Alliance network.

Elise, a mum of three, has just picked up a new uniform for her son Charlie.

“It’s really expensive, I’ve got three kids you’ve got to get jumpers, T-shirts, trousers, shoes, double all of them because of the washing, so it’s amazing for saving money but also I never buy anything new if I can help it because it seems such a waste when there’s pre-loved which can be handed on.”

Elise said she can always find what she needs through the scheme.

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“You can say ‘oh I’m really looking for some jumpers in age seven to eight or has anyone got the school uniform or the PE kit that we need’ and nine times out of 10 somebody would be able to go ‘oh yeah, I have actually I was going to pass that on or do something with it’ and then we swap it over.”

Jon started the scheme at his children’s school, Ysgol Treganna in Cardiff in 2022, and still organises the swaps for the school, working with deputy head, Gareth Evans.

“At the end of each half term, myself and Tom will look at what’s left in lost and found, basically what hasn’t been reclaimed and then Tom and his group of friends will then bag everything up and take them home to Jon to add to the website,” said Evans.

Jon’s scheme isn’t just about easing the financial strain on families, it’s also about sustainability.

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He said: “This is helping families to save both their pocket and the planet and I think that extra dimension around the environment has really captured people’s interest in this initiative.

“There are 30,000 schools within the UK, all or most will be using school uniforms in one way shape or form, so the potential is definitely there to help many more schools.

“What matters most for me is the culture change and the change in sort of instinct around second-hand school clothes so that this becomes normal practice.”

Kingsbury High School in London, which has 2,000 pupils, is involved in the scheme.

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Tara Randall, the school’s sustainability lead, says the initiative also takes away the stigma of asking for help with clothing your child and normalises swapping school clothes.

“There’s a certain street cred that kids like to follow, especially at secondary school. But this is done in a discreet way, so there’s no stigma.

“Parents can arrange their own drop-offs, pick-ups of uniforms, and, I guess the extra benefit on top of that is that you might find parents and carers from a community or connect in that kind of way, because it can feel very remote in secondary schools.”

Some families qualify for a grant in Wales, offering up to £200 per child to cover the cost of school equipment, although it is only available to families on a low income or children in local authority care.

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In England, from September uniforms will be limited to three items with a school logo, such as a blazer, jumper or sportswear plus a tie for secondary schools, to help parents save money.

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Nomura Strategic Income Fund Q2 2026 Commentary

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Microsoft Among 14 Dividend Growth Companies To Annual Dividend Increases In September

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Microsoft Among 14 Dividend Growth Companies To Annual Dividend Increases In September

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I’m an individual investor looking to grow my wealth over the long term. I’ve tried many different styles of investing over the last 25 years and have found that buying dividend growth stocks and reinvesting the dividends is one of the easiest ways to grow wealth over the long term. Over the years, I’ve owned stocks, options, ETFs, treasury notes, and mutual funds. I operate a blog, HarvestingDividends.com, that provides information on the S&P Dividend Aristocrats and other dividend growth stocks.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

I may take positions in any of the stocks mentioned in this article in the near future.

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Gabelli OEF Growth Portfolio Managers Q2 2026 Insights

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Why My 3 Worst Picks Beat The S&P 500 In Retirement

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Aon close to acquiring USI Insurance from KKR in $17 billion deal, WSJ reports

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Aon close to acquiring USI Insurance from KKR in $17 billion deal, WSJ reports

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TransDigm Group: A Premium Option For Private-Equity-Like Exposure

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