Burnham to Take Over as UK Prime Minister

Summary

Bloomberg Opinion's Rosa Prince discusses Andy Burnham's rapid elevation to become the UK's seventh prime minister in a decade, the upcoming cabinet selection, and the crucial choice of Chancellor between Ed Miliband and Shabana Mahmood, highlighting the market implications of that decision.

• Andy Burnham is set to become UK prime minister after a swift Labour Party leadership change.
• Key decisions include writing nuclear codes and immediately forming a cabinet.
• The Chancellor pick is between soft-left Ed Miliband and fiscal hawk Shabana Mahmood.
• The choice is framed as a defining message to financial markets.
• Burnham's optimistic northern brand faces immediate economic and global pressures.