No 11

Ed Miliband, the current Energy Secretary, is being discussed as a potential candidate for Chancellor of the Exchequer. This discussion arises in the context of Andy Burnham's potential premiership, with supporters of Burnham reportedly divided on who should fill the crucial economic role. Some advisors are advocating for Miliband, citing his "bold" vision and experience in reviving the economy, as put forth by Nicholas Stern, a former chief economic adviser to the Treasury. Conversely, other factions within Burnham's camp are reportedly pushing for Wes Streeting, believing he might better reassure the business community and the fossil fuel industry. Miliband's current relevance stems from this internal debate within Burnham's potential government, highlighting his perceived strategic economic capabilities and his position within the energy sector.