‘We need to be careful’: Andy Burnham’s team keenly aware of fiscal tightrope

Chancellor pick and early policies avoid market meltdown but next week remains moment of real peril'

• UK politics live - latest updates

Andy Burnham has not quite gone for Keir Starmer's extreme caution in the run-up to entering No 10 - but he is certainly aware that any early wrong moves would cost him.

Back in 2024, Starmer was criticised for his Ming vase" strategy of treading very carefully so as not to drop a valuable metaphorical piece of china being carried across the room.