Shabana Mahmood, the current Home Secretary, is reportedly being considered for the position of chancellor by Andy Burnham, who is expected to take over as leader of the Labour Party. The Financial Times cited three individuals briefed on Burnham's intentions, though a spokesperson for the Labour MP declined to comment on the speculation.
Markets have reacted positively to the prospect of Mahmood, who is seen as being on the right of the Labour Party, taking the Treasury role, according to the newspaper. The potential leadership change follows the anticipated departure of current Prime Minister Sir Keir Starmer.
While the article focuses on political maneuvering within the Labour Party, other newspaper headlines from Thursday indicate different national concerns. The Daily Telegraph and Daily Mail reported on England's exit from the World Cup, with headlines such as 'England's World Cup dream over' and 'Night our dream finally died.' Other papers also covered the World Cup defeat, including The Sun with 'It's 60 years of hurt as brave Lions sunk by late Argie goals,' and the Daily Star's 'Kaned by Messi: We're still proud of our Lions.' The Daily Express noted 'Agony as our wait goes on,' and the Metro's headline was 'Just out of reach.' The Guardian's front page stated, 'Over and out.'
In other domestic news, the i Paper reported that 'Care workers to get NHS-style annual pay rises,' while The Times headline focused on 'Burnham keeps wealth tax in play.'