Rachel Reeves

Know the team set to govern Britain under new PM Starmer

Keir Starmer led Britain's Labour Party to a landslide victory in the 2024 parliamentary election, taking over from the Conservatives after 14 years in opposition. Below are details on new Prime Minister Starmer and his freshly appointed team of senior ministers: KEIR STARMER, PRIME MINISTER Starmer, 61, took charge of Labour in 2020 following its worst electoral defeat in 84 years in 2019 under left-wing veteran Jeremy Corbyn. He has sought to develop Labour as a party of competence and prag...

July 4, 2024 11:05 PM

UK election brings few hopes or fears to cautious City of London

The UK financial sector is warming to Labour's pro-business overtures and pledges to provide stability and support, but many in the City remain wary it could be targeted to prop up Britain's stretched public finances further down the line. Under leader Keir Starmer, the Labour Party - expected to win Thursday's UK election - has assiduously courted the City of London, mindful that his plans for boosting economic growth will need a big dose of private capital. In the last election in 2019, Star...