Key Starmer ally Jones rules himself out of contest to be Britain's next PM - Finance news and analysis from Global Banking & Finance Review
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Key Starmer ally Jones rules himself out of contest to be Britain's next PM

Published by Global Banking & Finance Review

Posted on June 24, 2026

2 min read

· Last updated: June 24, 2026

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Darren Jones Supports Andy Burnham as UK’s Next Prime Minister After Starmer Exit

Labour Party Leadership Transition and Support for Andy Burnham

Darren Jones Rules Himself Out of Leadership Contest

LONDON, June 24 (Reuters) - Darren Jones, chief secretary to outgoing British Prime Minister Keir Starmer and one of his key allies, ruled himself out of any contest to succeed the Labour leader on Wednesday and threw his support behind the only candidate, Andy Burnham.

Public Endorsement of Andy Burnham

"Andy Burnham is going to be the next prime minister. And if there was a contest of Labour Party members, he would win," Jones told Sky News.

Implications for Labour Party Leadership

Burnham’s Path to Premiership

Jones had been touted as one possible candidate who could challenge Burnham in a leadership contest and his decision to back the former Greater Manchester mayor means Burnham is likely to become prime minister in the middle of July, rather than September after a leadership contest.

Economic Policy Reassurances

Investor Concerns and Burnham’s Economic Stance

Jones said he had been reassured by Burnham about his economic policy, an area of concern for investors after he said last year that the country had to stop being in "hock to the bond markets", comments he later said had been ​misrepresented.

"We talked ... a lot about what he (Burnham) was thinking on the economy and what my thoughts were on that, and some of the potential ways forward for the new government," he said.

Context of Starmer’s Departure

Recent Political Developments

Starmer said on Monday he would step down following months of pressure over the party's poor poll ratings and setbacks in recent local elections. The next prime minister will be Britain's seventh leader in 10 years.

(Reporting by Muvija M; Editing by Kate Holton)

Key Takeaways

  • Darren Jones, chief secretary to outgoing PM Starmer, confirmed he will not run and endorsed Andy Burnham, consolidating Burnham’s path to PM.
  • Andy Burnham is overwhelmingly likely to become Labour leader without a contest—former rival Wes Streeting has also thrown his support behind Burnham.
  • Markets responded positively: the pound eased as investors welcomed the clarity, seeing Burnham’s ascension as stabilizing the transition.

Frequently Asked Questions

Why did Darren Jones rule himself out of the UK prime minister contest?
Darren Jones decided not to run and instead supported Andy Burnham, citing their discussions on economic policy and Burnham's likely win among Labour members.
Who is expected to become Britain’s next prime minister?
Andy Burnham is expected to become Britain's next prime minister, with support from Darren Jones and as the only candidate after Keir Starmer's resignation.
What economic concerns did investors have regarding Andy Burnham?
Investors were concerned after Burnham previously commented on the UK's relationship with bond markets, though Jones said those remarks were misrepresented.
When did Keir Starmer announce his resignation?
Keir Starmer announced his resignation on Monday following months of poor poll ratings and setbacks in recent local elections.
How soon could Andy Burnham become the UK’s prime minister?
Andy Burnham is likely to become prime minister by mid-July, earlier than September, since there will be no leadership contest.

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