Rayner is throwing her lot in behind Andy Burnham under the promise that she will be rewarded handsomely for stepping aside. Guido hears those in her inner circle are lobbying for Foreign Secretary. A great office of state which obviously provides lots of glitzy foreign travel…
It would be a real-world promotion from her previous role as Housing Secretary. She may also regain the nonsense ‘Deputy Prime Minister’ title if she wants it, which would allow her to once again deputise at PMQs when required. A role she relished, even if the country didn’t…
Of course, this all depends on whether Streeting makes his move. If he chickens out and Burnham becomes more credible, Rayner will likely step back. But if Streeting pulls the trigger soon, that may change…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”