Speaking to The Telegraph and the New Statesman, Mr Burnham has further fuelled rumours that he is plotting another leadership challenge. He lost to Ed Miliband in 2010 and Jeremy Corbyn in 2015.
“People have contacted me throughout the summer – yeah,” the former minister told The Telegraph when asked if Labour MPs had encouraged him to try again.
“I’m not going to say to you that that hasn’t happened.
“But as I say, it’s more a decision for those people than it is for me.”
He added: “I stood twice to be leader of the Labour Party. And I think that tells you, doesn’t it?”
Image: Burnham says he hasn’t spoken to the PM since May. Pic: Reuters
‘Climate of fear’
He refused to rule out making a challenge before May 2026, widely seen as the point at which some Labour MPs feel Sir Keir’s time could be up – if the party does badly in the next set of local elections.
They include London, while the Scottish and Welsh parliaments are also up for grabs.
In a direct criticism of Sir Keir, Mr Burnham said Number 10 had created a “climate of fear” among MPs and created “alienation and demoralisation” within the party.
The government has already run up against its own backbenchers over issues including welfare cuts, the winter fuel payment changes, and the two-child benefit cap.
A debate continues to rage on tax ahead of the budget, with the chancellor being told significant increases are needed.
Labour remain behind Reform UK in the polls, having seen their popularity plummet since the 2024 general election, while the prime minister is also unpopular with the public.
Despite his previous failed leadership challenges, Mr Burnham has rebuilt his image as a mayor in Manchester.
Please use Chrome browser for a more accessible video player
1:03
Trevor’s Takeaway: Burnham one to watch
Burnham’s manifesto
Mr Burnham has set out a raft of policies he said would “turn the country around”, including higher council tax on expensive homes in London and the South East.
He would cut income tax for lower earners, but introduce a 50p rate for the highest earners, and borrow £40bn to boost the building of council houses.
He also called for more public control of energy, water and rail, and signalled a willingness to work with progressive parties – including Jeremy Corbyn’s still-unnamed venture.
Any attempt to replace the prime minister would require him to secure a parliamentary seat in a possible by-election, though the polls suggest no seat would be a slam-dunk victory for Labour.
Mr Burnham will likely use Labour’s party conference, starting Sunday, to make his pitch to members, though should expect hostile briefings from those inside the government.
Speaking to Politics Hub With Darren McCaffreyon Wednesday, Labour peer Thangam Debbonaire said he should “stop sticking his oar in”. “Keir Starmer is our prime minister,” she said, and he should be allowed to get on with the job.
Sam reveals there might be some Traitors-style plotting going on behind the scenes in government – but from who? And how might Sir Keir Starmer see off this challenge?
Budget speculation continues, and specifically – who is and is not a “working person”? And, should it occur, what would the consequences be of breaking a manifesto commitment? How perilous a moment for Starmer could this be?
And after the BBC’s director general and CEO of news resign, what does Starmer now say about the organisation? And who will come next in the top BBC job?
A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.
The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.
If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.
The total current market cap of all stablecoins sits at $310.7 million according to CoinGecko data, and Miran suggested that Fed research found the market could grow to up to $3 trillion in value in the next five years.
Stephen Miran speaking at a conference in New York on Friday. Source: BCVC
“My thesis is that stablecoins are already increasing demand for US Treasury bills and other dollar-denominated liquid assets by purchasers outside the United States and that this demand will continue growing,” Miran said.
“Stablecoins may become a multitrillion-dollar elephant in the room for central bankers.”
Organizations, including the International Monetary Fund, have warned that stablecoins pose a threat to traditional financial assets and services, as they could potentially compete for customers. US banking groups have also urged Congress to tighten oversight of stablecoins with yield, arguing they could attract would-be bank users.
During his speech, Miran praised the GENIUS Act for setting out clear guidelines and consumer protections, as he indicated that the regulatory framework will play a key role in spurring broader adoption of stablecoins.
“While I tend to view new regulations skeptically, I’m greatly encouraged by the GENIUS Act. This regulatory apparatus for stablecoins establishes a level of legitimacy and accountability congruent with holding traditional dollar assets,” he said, adding:
“For the purposes of monetary policy, the most important aspect of the GENIUS Act is that it requires U.S.-domiciled issuers to maintain reserves backed on at least a one-to-one basis in safe and liquid US dollar–denominated assets.”
The crypto market could soon see some much-needed relief after the US Senate reached an agreement on a three-part budget deal to end the government shutdown, Politico reports.
Pending legislation to fund the US government has more than enough support to pass the 60-vote threshold, Politico reported on Sunday, citing two people familiar with the matter.
It was Republican Senate Majority Leader John Thune’s 15th attempt to win Democratic support for a House-approved bill, putting the record 40-day government shutdown within reach of being lifted.
An official vote is still needed to finalize the agreement.
Ongoing uncertainty over when the US government would reopen has been a key factor holding back Bitcoin (BTC) and the broader crypto market from mounting a rebound.
Bitcoin initially rallied to a new high of $126,080 six days into the government shutdown on Oct. 6, but has since fallen over 17% to $104,370, CoinGecko data shows.
Bitcoin’s fall over the past month saw it drop by double-digit percentage points on Oct. 10 after US President Donald Trump’s announcement of 100% tariffs on China sent shockwaves throughout the markets.
Bitcoin’s change in price since Oct. 1. Source: CoinGecko
Bitcoin rallied 266% after last government shutdown lifted
The last US government shutdown occurred between late December 2018 and late January the following year in Trump’s first term.
After it ended on Jan. 25, 2019, Bitcoin rose over 265% from $3,550 to $13,000 over the next five months.
Prediction markets back shutdown to end this week
Bettors on prediction market Polymarket are backing that the government shutdown will be lifted on Thursday, with the market showing a 54% chance it will happen between Tuesday and Friday.