Key facts
- Chancellor Rachel Reeves has publicly endorsed Andy Burnham for prime minister.
- Reeves has stated her intention to remain Chancellor, citing her fiscal record and plans.
- Unison has endorsed Ed Miliband for the role of Chancellor under a potential Burnham government.
- Ed Miliband and Wes Streeting are considered the leading candidates for Chancellor.
- Andy Burnham is expected to become prime minister soon, with a leadership decision on July 17 or August 29.
Chancellor Rachel Reeves has publicly endorsed Andy Burnham for prime minister and expressed her desire to remain in her current role, citing her fiscal record and plans for investment and devolution. However, the race for the Treasury under a potential Burnham government is intensifying, with Unison, Britain's largest trade union, endorsing Ed Miliband for Chancellor. Miliband and Wes Streeting are considered the leading candidates for the position, representing different wings of the Labour party. Burnham is preparing to deliver a significant policy speech on devolution and the economy amid pressure to clarify his choice for Chancellor. The timeline for a new Labour leader is set for July 17 if there is a single candidate, or August 29 if a leadership election occurs.