As Andy Burnham prepares to select his first Chancellor, concerns are mounting regarding the potential appointment of Ed Miliband to the Treasury. Nigel Green, the CEO of deVere Group, has voiced strong warnings about the implications of such a decision.
Green argues that a Miliband-led Treasury could lead to significant destabilization of both gilts and the British pound. This could have far-reaching consequences for the UK economy, especially in the current climate of uncertainty.
The financial community is closely watching Burnham's choices, and experts like Green are advising caution. The rebound of the pound in recent days serves as a reminder that the market is sensitive to leadership changes and economic policies.
Updates
Update at 16:02 UTC on 2026-07-16
Investorideas.com reported Nigel Green of deVere Group says the pound's rebound on reports of a Mahmood Treasury is a warning to incoming PM Andy Burnham, not a green light for UK assets.
Sources: Investorideas.com
Update at 15:11 UTC on 2026-07-21
Investorideas.com reported deVere Group CEO Nigel Green warns investors against mistaking a calmer gilt market and sterling rally on Healey's appointment for a change in Burnham's fiscal direction.
Sources: Investorideas.com