- Shabana Mahmood is widely expected to be named Andy Burnham's Chancellor, following objections to his initial choice, Ed Miliband.
- Ed Miliband's past as Labour leader and his hardline stance on net zero policies were cited as reasons for his exclusion from the role.
- Ms Mahmood is viewed as a more right-leaning candidate, endorsed by Sir Tony Blair, and is anticipated to reassure financial markets.
- Andy Burnham hinted at the potential introduction of a wealth tax in a recent podcast interview, stating he would not rule out such measures.
- The new government is set to take office on Monday, with other cabinet roles, including Louise Haigh for a strengthened Cabinet Office position, still subject to speculation.
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