Finance
Former Labour Party minister Gwynne steps down from parliament
Published by Global Banking and Finance Review
Posted on January 22, 2026
1 min readLast updated: January 22, 2026
Quick Summary
Andrew Gwynne resigns from UK Parliament, affecting Labour dynamics and potentially paving the way for Andy Burnham's return.
Andrew Gwynne Resigns from Parliament, Opening Doors for Andy Burnham
Impact of Gwynne's Resignation
LONDON, Jan 22 (Reuters) - Andrew Gwynne, a former minister in British Prime Minister Keir Starmer's Labour Party, said on Thursday he would step down from parliament.
Political Implications
Gwynne is the member of parliament for the constituency of Gorton and Denton in northwest England.
Market Reactions
British government borrowing costs rose briefly and sterling fell earlier on Thursday after reports of Gwynne's expected resignation
His exit could open route back to parliament for Greater Manchester Mayor Andy Burnham, who is considered a challenger to Starmer.
(Reporting by Sam Tabahriti; editing by William James)
Key Takeaways
- •Andrew Gwynne resigns from UK Parliament.
- •Impact on Labour Party dynamics.
- •Potential return for Andy Burnham.
- •Market reactions to Gwynne's resignation.
- •Gwynne represented Gorton and Denton.
Frequently Asked Questions about Former Labour Party minister Gwynne steps down from parliament
1What is the UK economy?
The UK economy encompasses the economic activities and financial systems of the United Kingdom, including production, consumption, and trade.
2What are market reactions?
Market reactions are the responses of financial markets to news or events, which can lead to fluctuations in asset prices, trading volumes, and investor sentiment.
