Cabinet minister calls for swift transition to new Labour leader without contest

A cabinet minister said the party should move to a new leader through a swift transition without a contest. The minister told Sky News that a prolonged battle would not serve the best interests of the country. The minister also said colleagues face difficult decisions.

Potential challengers Cabinet minister Darren Jones and former armed forces minister Al Carns have not ruled out standing. Press Association reporting said some Labour MPs are considering them as alternatives. Sources close to Jones said he is not currently planning to run but would seek assurances on economic policy.

Concerns among some MPs center on possible market unease. Al Carns told ITV's Peston programme he has not decided whether to launch a campaign. Nominations open on 9 July.

Policy continuity The frontrunner is expected to deliver a speech next week confirming adherence to the current chancellor's fiscal rules. The speech will outline key aspects of economic policy. Energy secretary Ed Miliband is scheduled to state that the United Kingdom must maintain net zero targets to support jobs and growth.