Lord O'Neill has ruled out taking a government job after being linked with a senior economic advisory position connected to Andy Burnham.
The former chief economist at Goldman Sachs had been tipped to become Burnham's chief economic adviser. His decision means he will not take up the government role that had been the subject of speculation.
Lord O'Neill's background in economics and finance had made the potential appointment notable. The suggested role would have placed him in a prominent advisory position on economic matters for Burnham.
No further details have been provided about why Lord O'Neill has ruled out the job, nor has any alternative appointment been confirmed in the material available.
The latest position is that Lord O'Neill will not be taking the government post, leaving any future arrangements around the advisory role unclear.
