**Lord O’Neill Rules Out Government Advisory Role, Backs PM’s Devolution Agenda**
Lord O’Neill, the renowned former chief economist at Goldman Sachs, has confirmed he will not be taking up a government job. This decision comes despite being tipped as a potential chief economic adviser for Greater Manchester Mayor Andy Burnham, a role that would have placed him at the heart of regional economic strategy.
While declining a formal governmental position, Lord O’Neill publicly voiced his strong support for the Prime Minister’s wider devolution plans. His endorsement offers a significant boost to the government’s agenda to transfer powers and resources to local regions, aiming to rebalance the national economy and foster growth outside of London.
Lord O’Neill is a prominent advocate for regional economic development, perhaps best known for coining the “BRIC” acronym and his previous role in championing the “Northern Powerhouse” initiative during his tenure as a Treasury minister. His backing for devolution signals continued support for efforts to empower local leaders and drive prosperity across the country, even as he opts to remain outside formal government structures.
The news means Mayor Burnham will now need to seek an alternative candidate for the high-profile economic advisory position, while the Prime Minister secures a significant, albeit informal, endorsement for a key policy initiative from a respected economic figure.
