![\"British](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2026\/06\/brritish-chambers-president-andy-haldane.jpg\")
\t\tAndy Haldane has reportedly advised Burnham on policymaking.\t<\/p>\n\t\t\tFriday 19 June 2026 8:10 am
\n\t\t\t\t\t\u00a0|\u00a0\u00a0Updated:\u00a0<\/p>\n
\t\t\tFriday 19 June 2026 8:11 am\n\t<\/p>\n
\t\tAndy Haldane has reportedly advised Burnham on policymaking.\t<\/p>\n
Andy Burnham has turned to a crop of heavyweight economic advisers, including a former Bank of England economist and the ex-head of the Office for Budget Responsibility, in a bid to bolster his economic credentials ahead of a potential Labour leadership challenge, it has been reported.\u00a0<\/p>\n
The new MP for Makerfield has sought advice from several top economists including Richard Hughes, the former OBR chair who was forced to resign over the leaked Budget last year, and ex-Bank of England chief economist Andy Haldane.<\/p>\n
Jim O\u2019Neill, a Treasury minister under David Cameron who helped drive the \u201cNorthern Powerhouse\u201d reforms around 10 years ago, has also been called upon by Burnham to advise on economic policy.\u00a0<\/p>\n
The advice from top economists, as reported by the Financial Times and Bloomberg<\/a>, reflects a wider push from Burnham to win credibility with financial markets after he was criticised for claiming the government was \u201cin hock\u201d to the bond markets.\u00a0<\/p>\n On his campaign trail, Burnham pledged to retain Rachel Reeves\u2019 fiscal rules which include putting the current budget<\/a> <\/a>on course to be in balance or surplus in three years.\u00a0<\/p>\n He has also hinted at reforming property taxes and taken aim at the rise in employers\u2019 national insurance contributions, which has contributed to a rise in unemployment.<\/p>\n Westminster is now waiting for the launch of Burnham\u2019s possible leadership<\/a> bid after winning over half of the vote share in Makerfield.\u00a0<\/p>\n At the same time, a Manchester mayoralty by-election will now be triggered after his resignation from the position upon his return to parliament.\u00a0<\/p>\n \t\t\t\t\tRead more<\/p>\n \t\t\tUK government borrowing overshoots expectations on day Burnham elected<\/a><\/p>\n \tBurnham \u2018appeals to party over Brits\u2019 <\/p>\n Over 90 Labour MPs have called for Starmer to resign although the Prime Minister has insisted he would join any leadership contest that is launched. Starmer won the support of a similar amount of MPs although polls show that Burnham would get the backing of Labour members in a leadership contest.\u00a0<\/p>\n Upon winning the Makerfield by-election, Burnham said there would be \u201cno second chance\u201d for the party as he called for \u201cchange\u201d.\u00a0<\/p>\n Former health secretary Wes Streeting has also said he would enter a leadership race and claimed he has won the necessary number of 81 MPs to support him to challenge the Prime Minister.\u00a0<\/p>\n