Andy Burnham appears to have ditched a planned call with hedge fund managers, billed as an opportunity to cool concerns about his economic approach.

The Greater Manchester mayor is currently standing as Labour's candidate in the Makerfield by-election in an attempt to return to Westminster.

The Greater Manchester mayor said reform is needed to put the public interest first

Andy Burnham appears to have ditched a planned call with hedge fund managers, billed as an opportunity to cool concerns about his economic approach.

One analyst said markets would reprice U.K. fiscal risk "accordingly and quickly" if Burnham's political ambitions come to light.

The Greater Manchester mayor appears set to challenge for the Labour leadership

At the time Burnham proposed this extra £40 billion of borrowing, the government was running a deficit of nearly £140 billion a year.

Andy Burnham has hinted at how he would handle tax policy