Downing Street’s official readout from Cabinet is even more concise than usual:
“The Prime Minister opened Cabinet by inviting the Leaders of the Commons and the Lords to update on business in both Houses. This includes the Third Reading of the Health Bill today.
Turning to the Middle East, the Prime Minister said the Foreign Secretary would update the House shortly in a statement on the UK’s commitment to preserving the two-state solution. The Foreign Secretary then updated Cabinet on his statement.”
A notably brief account of a two-hour meeting – did Ed have some persuading to do ahead of his Israeli sanctions stunt?
Hat-tip: Jack Elsom
Former Treasury minister and adviser to Burnham in the Makerfield campaign Lord Jim O’Neill, who has turned down a role in his government, said Burnham’s first statement Commons was:
“The last thing investors wanted to hear… gilt yields have risen by a 0.25% in one day, which is a lot. We’ve not had that since Liz Truss days… If your country is under the focus of ‘can they come up with a sensible fiscal strategy’ on a day when the markets think ‘well no, you’re not showing any sign of it’ you’re going to have a tough day…if it stays like this your mortgage rate is going up.”