Burnham economic adviser O'Neill rules out government job

Lord O'Neill, a crossbench peer, was once a treasury minister under the Conservatives.

He said he did not want to have to give up control of his business interests to comply with official rules.

Lord O'Neill, a crossbench peer, was once a treasury minister under the Conservatives. He said he did not want to have to give up control of his business interests to comply with official rules.

Settings: The economist Lord Jim O'Neill, who has been advising the prime minister, has said he will not be taking a job in Andy Burnham's government. He is enjoying what he is currently doing too much and does not want to have to give up control of his business interests to comply with official rules.

In placing shares in blind trusts, ministers have no knowledge of how their investment is being handled, to avoid any potential conflict of interest. From 2015-2016, Lord O'Neill was commercial secretary to the Treasury under the then-Chancellor, George Osborne.

The peer, who grew up in Greater Manchester, was a key figure in pushing the Conservatives' Northern Powerhouse agenda, which was aimed at boosting the economy of the North of England. He is also known as the economist who coined the term Bric in 2001 to describe leading developing or newly industrialised countries with potential for fast growth and, therefore, investment returns.

The original four nations - Brazil, Russia, India and China - later became the Brics when they were joined by South Africa. UK borrows more than expected in July as Healey prepares for first Budget

Inflation is heating up but don't expect another crisis. Jobs, borrowing and taxes: Andy Burnham's economic challenges exist existing article (34 words / 2 paragraphs)

Lord O'Neill, a crossbench peer, was once a treasury minister under the Conservatives. He said he did not want to have to give up control of his business interests to comply with official rules.

In placing shares in blind trusts, ministers have no knowledge of how their investment is being handled, to avoid any potential conflict of interest.

From 2015-2016, Lord O'Neill was commercial secretary to the Treasury under the then-Chancellor, George Osborne. He grew up in Greater Manchester and was a key figure in pushing the Conservatives' Northern Powerhouse agenda.

The peer is also known as the economist who coined the term Bric in 2001 to describe leading developing or newly industrialised countries with potential for fast growth and, therefore, investment returns.

UK borrows more than expected in July as Healey prepares for first Budget. Inflation is heating up but don't expect another crisis.

Jobs, borrowing and taxes: Andy Burnham's economic challenges exist existing article (34 words / 2 paragraphs).

Existing Article

Lord O'Neill, a crossbench peer, was once a treasury minister under the Conservatives. He said he did not want to have to give up control of his business interests to comply with official rules.

In placing shares in blind trusts, ministers have no knowledge of how their investment is being handled, to avoid any potential conflict of interest.

From 2015-2016, Lord O'Neill was commercial secretary to the Treasury under the then-Chancellor, George Osborne. He grew up in Greater Manchester and was a key figure in pushing the Conservatives' Northern Powerhouse agenda.

The peer is also known as the economist who coined the term Bric in 2001 to describe leading developing or newly industrialised countries with potential for fast growth and, therefore, investment returns.

UK borrows more than expected in July as Healey prepares for first Budget. Inflation is heating up but don't expect another crisis.

Jobs, borrowing and taxes: Andy Burnham's economic challenges exist existing article (34 words / 2 paragraphs).

Implications

The decision by Lord O'Neill to not take a formal role in the government of Andy Burnham may have implications for the country's economic future. It could be seen as a sign that the government

Lord O'Neill, a crossbench peer, was once a treasury minister under the Conservatives. He said he did not want to have to give up control of his business interests to comply with official rules.

In placing shares in blind trusts, ministers have no knowledge of how their investment is being handled, to avoid any potential conflict of interest.

From 2015-2016, Lord O'Neill was commercial secretary to the Treasury under the then-Chancellor, George Osborne. He grew up in Greater Manchester and was a key figure in pushing the Conservatives' Northern Powerhouse agenda.

The peer is also known as the economist who coined the term Bric in 2001 to describe leading developing or newly industrialised countries with potential for fast growth and, therefore, investment returns.

UK borrows more than expected in July as Healey prepares for first Budget. Inflation is heating up but don't expect another crisis.

Jobs, borrowing and taxes: Andy Burnham's economic challenges exist existing article (34 words / 2 paragraphs).

• Existing Article

ImplicationsThe decision by Lord O'Neill to not take a formal role in the government of Andy Burnham may have implications for the country's economic future. It could be seen as a sign that the government