Andy Burnham formed his cabinet in July 2026 after succeeding Keir Starmer as prime minister, installing John Healey as chancellor, Ed Miliband as foreign secretary, Shabana Mahmood as home secretary, and other figures including Miatta Fahnbulleh and Louise Haigh. Trader consensus prices “Other” highest because early-term exits in new administrations frequently stem from unexpected personal, procedural, or minor policy pressures rather than prominent names. The listed candidates reflect visibility in high-profile roles where friction on economic priorities, net-zero targets, or departmental performance could surface first. With the market open through December 2027, current pricing captures uncertainty over the next major cabinet change amid a government still consolidating after the July reshuffle.