LABOUR’S Blairite business spokesman Chuka Umunna made a shock exit from the race to become party leader yesterday, citing “concerns and worry about this bid’s impact on those close to me.”
Polished Mr Umunna had been the bookies’ favourite to replace Ed Miliband and become Labour’s first black leader.
But his withdrawal from the contest saw shadow health secretary Andy Burnham installed as 6/5 favourite, ahead of Yvette Cooper and Liz Kendall.
The 2025 Budget shores up the PM’s political position with headline-grabbing welfare U-turns, but with no improvements on offer to declining public services or living standards, writes MICHAEL BURKE
Martin Taylor, the hedge-fund multimillionaire who has poured millions into pushing Labour rightwards, helped finance Lucy Powell’s supposedly dissenting campaign — suggesting her victory was not the ‘soft-left’ rebellion some have claimed, says SOLOMON HUGHES


