Andy Burnham's economic adviser, Professor Jim O'Neill, has ruled out taking a job in government.

Former Goldman Sachs chief economist Jim O'Neill has declined a job offer in Andy Burnham's government, despite previously advising the Labour leader.

Jim O'Neill, the economist credited with coining the 'BRIC' acronym, has stated that the concept of BRICS nations developing alternatives to the US dollar is no longer an unrealistic idea, suggesting a shift in global economic dynamics.