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    Home > Finance > Former Labour Party minister Gwynne steps down from parliament
    Finance

    Former Labour Party minister Gwynne steps down from parliament

    Published by Global Banking & Finance Review®

    Posted on January 22, 2026

    1 min read

    Last updated: January 22, 2026

    Former Labour Party minister Gwynne steps down from parliament - Finance news and analysis from Global Banking & Finance Review
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    Tags:Appointmentfinancial communityUK economy

    Quick Summary

    Andrew Gwynne resigns from UK Parliament, affecting Labour dynamics and potentially paving the way for Andy Burnham's return.

    Table of Contents

    • Impact of Gwynne's Resignation
    • Political Implications
    • Market Reactions

    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.

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