Burnham expected to outline economic priorities in Monday speech
Andy Burnham, the incoming prime minister, is expected to deliver a speech on Monday in Manchester outlining his economic priorities, according to a report. The speech will be closely watched by supporters and business owners to gauge whether Burnham intends to expand the role of the state, including through nationalisation. Burnham has previously stated he wants "the essentials of life being run primarily for the public interest, not for the private interests," citing the Bee Network of buses and trams in Manchester as an example. His choice of chancellor is seen as a critical test of his commitment to this agenda, with Ed Miliband viewed as a plausible candidate who would support nationalisation. The future of Thames Water is considered an early test case, as ministers decide whether the company should enter special administration or be taken over by bondholders. The report notes that advocates of nationalisation argue ministers could mandate that Thames Water becomes a public corporation.
What’s reported
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Sources: The Guardian
