Former Goldman Sachs Chief Economist Lord O'Neill Declines Andy Burnham's Advisory Role

Lord Jim O'Neill has publicly stated his refusal to accept the position of chief economic adviser to Greater Manchester Mayor Andy Burnham. The announcement ends weeks of speculation regarding his potential return to a prominent economic policy role, particularly focused on regional development in the North West of England.

O'Neill, renowned for coining the 'BRIC' acronym and his previous tenure as a Treasury minister under David Cameron, was widely tipped for the advisory post. His involvement was anticipated to bring significant influence and a fresh perspective to Burnham's economic agenda for Greater Manchester, which has frequently advocated for greater decentralisation and investment outside of London.

While O'Neill did not elaborate extensively on his reasons for declining, his decision leaves a notable vacancy in Burnham's potential economic team. The Greater Manchester Mayoralty has yet to issue a statement on the development or announce alternative plans for the critical economic advisory role.