Oliver Duff

Editor-in-chief

This week has been a solid enough start by Andy Burnham and his new team.

His fitness for the highest office remains unproven, of course, given the circumstances in which he came to power.

He will also learn the ability of his words to shift markets – and he will need to be cautious about (soft) launching new policies without explaining how they will be paid for. Expect ructions. There is only so much you can do outside of a formal Budget, which is not expected until October.