Allies of UK Greater Manchester Mayor Burnham state that a timetable of a new Labour leader/PM by end-September would provide Burnham with enough time to return to the House of Commons, Sky's Rigby reports

The report indicating a potential new Labour leader or Prime Minister by the end of September suggests a significant political shift, which could impact investor sentiment in the UK. Should Burnham position himself for a return to the House of Commons, it may also influence policies related to public spending and taxation, potentially affecting market outlook for Gilts and the FTSE 100. Investors should monitor how this political evolution aligns with broader economic policies and market responses.