{"id":651633,"date":"2026-06-22T04:57:15","date_gmt":"2026-06-22T04:57:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/651633\/"},"modified":"2026-06-22T04:57:15","modified_gmt":"2026-06-22T04:57:15","slug":"streeting-talked-up-as-burnhams-chancellor-as-mps-try-to-stop-ed-miliband","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/651633\/","title":{"rendered":"Streeting talked up as Burnham&#8217;s chancellor as MPs try to stop Ed Miliband"},"content":{"rendered":"<p>Wes Streeting is being talked up to become Andy Burnham\u2019s chancellor \u2013 as some MPs campaign to stop Ed Miliband from landing the job.<\/p>\n<p>The jockeying comes after Burnham won the Makerfield by-election on Thursday with 54.8 per cent of the vote, clearing his path to a widely anticipated challenge for the Labour leadership.<\/p>\n<p><a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/news\/politics\/burnham-ultimatum-starmer-resign-mass-resignations-4492396?ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">With Sir Keir Starmer weakened by a months-long crisis over the party\u2019s direction and electoral fortunes,<\/a> attention at Westminster has turned to who would run the Treasury \u2013 and replace Rachel Reeves as chancellor \u2013 in a possible Burnham government.<\/p>\n<p>Multiple MPs have told The i Paper they believe Streeting is eyeing up the role, despite his public insistence that he intends to stand in any forthcoming leadership contest. Streeting quit his role as health secretary in Starmer\u2019s Cabinet last month, having signalled he was prepared to mount his own bid to become prime minister.<\/p>\n<p>One Burnham ally went further, suggesting that Streeting had pitched directly for the chancellorship when the two men met in Makerfield on 8 June\u00a0 \u2013 a claim denied by a source close to Streeting.<\/p>\n<p>\u201cWes wants the job as chancellor, he said so to Andy when they met,\u201d the ally said. \u201cThat doesn\u2019t mean he will get it, but it does mean there is a glide path back to Health or another senior job.\u201d<\/p>\n<p>Streeting\u2019s allies insist no deal has been struck with Burnham although the pair have met and spoken several times over recent weeks. Even so, some MPs are speculating that Streeting will fall in behind Burnham rather than trigger a contest \u2013 handing him a coronation \u2013 in return for a major cabinet post.<\/p>\n<p>They believe Streeting has his eye on the Treasury after a keynote speech on the economy last week, in which he announced plans to tear up planning laws and <a class=\"post_in-line_link\" href=\"https:\/\/inews.co.uk\/news\/politics\/miliband-could-lose-out-chancellor-job-burnham-cabinet-4484584?srsltid=AfmBOorzJ4ylUK2FC8tWXZ6XoG_Pzf9QEw6wtbiUVlo3dnS9LHdqAEzj&amp;ico=in-line_link\" rel=\"nofollow noopener\" target=\"_blank\">reverse Miliband\u2019s ban on new North Sea oil and gas exploration licences.<\/a> \u201cIt was a naked pitch to become Burnham\u2019s chancellor,\u201d said one Labour MP.<\/p>\n<p>With Rachel Reeves expected to be sacked by Burnham if he becomes PM, Streeting is widely seen as the candidate for chancellor the bond markets would fear least. Other names under consideration are understood to include Home Secretary Shabana Mahmood, Work and Pensions Secretary Pat McFadden and former defence secretary John Healey. <\/p>\n<p>Miliband, the Energy Secretary, had been an early frontrunner, but as The i Paper revealed on Friday, Burnham was rethinking the idea. There is now a \u201cconcerted campaign\u201d to stop him being appointed among some MPs and even within Burnham\u2019s own camp, The i Paper has been told.<\/p>\n<p>One minister said they had been approached by a Burnham ally over the weekend and asked to lobby Burnham directly to keep Miliband out of No 11.<\/p>\n<p>\u201cThere is a concerted campaign to stop Ed becoming chancellor, because it would freak out the markets and because he is very stubborn on policy,\u201d the minister said. \u201cBut there are also issues around some of the other people who could be viable picks. You could have John Healey, but then immediately you\u2019d have to find loads of money for defence \u2014 which is why most people think Pat McFadden could come through the middle.\u201d<\/p>\n<p>On Sunday, left-wing trade unionists and bond traders found themselves in the unusual position of uniting to warn against a Miliband appointment.<\/p>\n<p>Sharon Graham, general secretary of Unite \u2013 one of Labour\u2019s biggest union backers \u2013 <a href=\"https:\/\/observer.co.uk\/news\/politics\/article\/miliband-as-chancellor-would-be-noose-around-neck-of-job-creation-says-biggest-union\" rel=\"nofollow noopener\" target=\"_blank\">told The Observer that Burnham would put \u201ca noose around the neck\u201d of job creation<\/a> if he made Miliband chancellor. <\/p>\n<p>While she said she supported the \u201cdirection of travel\u201d set out by the new MP for Makerfield, she warned that Miliband\u2019s determination to pursue strict net zero targets \u201cat all costs\u201d made him the wrong choice for the Treasury.<\/p>\n<p>In the City, James Athey, a gilt trader at Marlborough Group, warned that government borrowing costs would rise if Miliband were appointed, because markets would read it as \u201ca leftward shift.\u201d<\/p>\n<p>\u201cRelative to Rachel Reeves, absolutely, I think there would be a Miliband premium on gilt yields,\u201d he told The i Paper.<\/p>\n","protected":false},"excerpt":{"rendered":"Wes Streeting is being talked up to become Andy Burnham\u2019s chancellor \u2013 as some MPs campaign to stop&hellip;\n","protected":false},"author":2,"featured_media":651634,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[19306,59,57,58,195536,50,11853,56,54,55,7747],"class_list":["post-651633","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-andy-burnham","tag-gb","tag-great-britain","tag-greatbritain","tag-labour-leadership","tag-news","tag-politics-exclusive","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-wes-streeting"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/651633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=651633"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/651633\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/651634"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=651633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=651633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=651633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}