Andy Burnham, set to become UK prime minister, pledges to shift fiscal powers away from Westminster and overhauls details of his economic agenda through the cabinet choices he is preparing to make. Bloomberg reports that Burnham vows to devolve fiscal authority from London if he succeeds Keir Starmer, while an ally says he will look for “flexibility” within the government’s existing spending and borrowing rules. Bloomberg also frames the prospect of a potential rewrite of the UK’s fiscal approach depending on how Burnham’s team takes shape.

Other outlets focus on the practical constraints and internal political setup. Rappler says the immediate challenge for Burnham is assembling his Cabinet, particularly the appointment of a finance minister, noting that friction between leaders in finance and government has previously contributed to instability. The Guardian links the pressure on public finances to an energy shock, market jitters, and rising spending demands, and reports Burnham has said he will work within Labour’s current fiscal rules and the party’s 2024 manifesto framework. RTE reports Burnham is finalizing plans over the weekend for a “dynamic start” aimed at easing the cost-of-living squeeze, while other coverage highlights the expectation that he will flesh out an economic plan as cabinet selections near.