Good morning from the Financial Times.
Today is Monday, July 20th, and this is your FT News Briefing.
Andy Burnham goes to Downing Street as tensions in the Middle East continue to ratchet higher.
Plus, Germany is pitching itself as a bedrock of stability.
What we've got our hands on here is a presentation that's been kind of secretly presented to investors
that really makes the pitch why as a foreign investor you should choose Germany.
I'm Victoria Craig, and here's the news you need to start your day.
Number 10's newest resident moves in today, which means the UK will officially have a new prime minister.
Andy Burnham, who just weeks ago was mayor of Greater Manchester,
will give his first speech to the nation this afternoon.
We're expecting to learn more about his immediate priorities and who will be joining his cabinet.
So to get a sense of what we can expect in the days and weeks ahead,
I've called up Lucy Fisher, our Whitehall editor and Political Fix podcast host.
Hi, Lucy.
Hi, Victoria.
All right, so one of the dominant themes in UK politics has been how the government navigates public spending.
Do we have a sense of what Burnham's plans are and who he's picking to lead that charge as chancellor?
Andy Burnham has been very much at pains to stress that he will stick to the fiscal rules that Rachel Reeves,
the current outgoing potentially chancellor, set for this Labour administration.
They place quite heavy constraints on the government's finances.