Nicholas Stern, the former chief economic adviser to the UK Treasury, has publicly advised Andy Burnham to appoint Ed Miliband as chancellor if Burnham succeeds in his bid to lead the Labour Party. Stern made the remarks during a radio interview on BBC Radio 4's Today programme on Monday, describing Miliband as "the right person for the job" given his deep understanding of both economic policy and the green transition.
Stern's Endorsement
Lord Stern, who authored the influential 2006 Stern Review on the economics of climate change, told listeners: "Ed has a rare combination of economic credibility and a long-term vision that is essential for the Treasury. He understands that tackling climate change is not a cost but an opportunity for growth and innovation." Stern's comments come as Burnham, the mayor of Greater Manchester, is considered a frontrunner in the Labour leadership contest following the party's electoral defeat.
Miliband's Economic Credentials
Ed Miliband, who served as Labour leader from 2010 to 2015 and later as shadow business secretary, has been a vocal advocate for a green industrial revolution. His supporters point to his role in shaping the party's climate policies, including the Green New Deal proposal. Stern's endorsement adds weight to calls for Miliband to be given a senior economic portfolio, with some Labour MPs arguing that his experience in government and opposition makes him a safe pair of hands for the economy.
Burnham's Response
Andy Burnham has not yet commented directly on Stern's suggestion, but aides indicate he is considering a range of options for his shadow cabinet. Burnham's campaign has focused on uniting the party's left and centrist wings, and appointing Miliband as chancellor could be a strategic move to bridge internal divisions. However, some within the party caution that Miliband's past leadership might be a liability in winning back voters who defected to the Conservatives.
Implications for Labour's Economic Agenda
If appointed, Miliband would be tasked with developing a credible economic alternative to the Conservatives' austerity agenda. Stern emphasised that the next Labour government must prioritise investment in green infrastructure, skills, and innovation to boost productivity and create jobs. "The Treasury needs a leader who can think beyond the next budget cycle," Stern said. "Ed Miliband has that long-term perspective."
Reactions from Labour Figures
Other Labour figures have weighed in. Shadow chancellor Rachel Reeves, who is also considered a potential candidate for the role, declined to comment on Stern's remarks. Meanwhile, former shadow chancellor John McDonnell expressed support for Miliband, saying he "has the intellect and determination to take on the Treasury orthodoxy." The leadership contest is expected to conclude in September, with the winner appointing their shadow cabinet shortly after.
