Ed Miliband’s hopes of becoming Chancellor of the Exchequer under Andy Burnham appear to be fading amid fears his support for Net Zero would cause a rift with businesses and trade unions.
Speculation had been rife that Mr Miliband, a former party leader who is now Energy Secretary, would replace Rachel Reeves in No11 on Monday.
But the idea has sparked a major row among allies of the incoming PM, with some saying he has yet to make up his mind about who would control the nation’s finances.
Mr Miliband was seen as the least market-friendly candidate in a poll by Bloomberg, while
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