Lord O'Neill turns down Burnham's chief economic adviser post

Lord Jim O'Neill told the BBC he will not serve as Prime Minister Andy Burnham's chief economic adviser, refusing to place his business interests in a blind trust — an arrangement that prevents holders from knowing how their assets are managed. The crossbench peer and former Goldman Sachs economist said policy was not the issue. He will advise Burnham's team informally, leaving the prime minister without a named adviser.