Andy Burnham looks set to appoint 'Red Ed' Miliband as his new Chancellor following his 'coronation' as the new Prime Minister in the coming weeks.

Left-wing trade unionists and bond traders have also found themselves in the unusual position of uniting to warn against a Miliband appointment

Miliband embodies everything the market fears about a Burnham premiership. If it happened, it would mark a sharp shift to the left.