Labour mayor giving advisory roles to ex-Bank of England economist and others seen as attempt to reassure markets

British prime minister seeks to head off internal Labour challenge ahead of key byelection

Burnham may still decide to wait longer before announcing a bid to become Prime Minister after Starmer sent MPs a warning around votes.

A change of Labour leader would lead to cabinet shake-up and No 10 revamp

Labour mayor giving advisory roles to ex-Bank of England economist and others seen as attempt to reassure markets

Burnham has reportedly sought advice from several top economists including Richard Hughes, the former OBR head.

If elected, the Greater Manchester Mayor will likely drag the Government further to the left, increasing taxes and spending, and therefore borrowing.

From hints of income tax to reducing the welfare bill, here's what an Andy Burnham premiership could look like

Homeowners and buyers could see an increase to their loan prices if Burnham gets into power, experts warn, but only for the short term