Overview

• The Greater Manchester mayor said MPs had contacted him over the summer and refused to rule out a future run, while insisting he is not planning an immediate return to Westminster.
• He warned Labour faces an "existential" threat without "wholesale change" and urged the party to adopt a plan to "turn the country around."
• His proposals include more public control of housing, energy, water and rail, a 50p top rate of income tax, higher council tax on some southern homes, and borrowing to build council houses.
• He endorsed Lucy Powell for deputy leader, casting her as an independent choice who could dilute No 10’s grip on the party.
• Ministers dismissed the leadership speculation as "tittle-tattle" as any bid would require him to resign as mayor, win a Commons seat and secure about 80 MP nominations, with attention now turning to Labour’s conference in Liverpool.