Burnham should keep Miliband “out of the Treasury”

Markets will breathe a sigh of relief if incoming UK Prime Minister Andy Burnham keeps Ed Miliband out of the Treasury, warns Nigel Green, CEO of leading independent financial advisory deVere Group.

Reports suggest opponents within Burnham’s own camp have quashed Miliband’s bid for the Treasury, with Labour whips reportedly steering the role toward home secretary Shabana Mahmood, while foreign secretary Yvette Cooper is also being floated as a contender....