June 22, 2026 11:27 PM

Investors tread rocky road from Starmer exit to next finance minister

Investors and business leaders are again navigating the kind of uncertainty that has dominated British politics since the Brexit vote a decade ago, after Prime Minister Keir Starmer resigned on Monday and threw open a leadership contest that will centre on any successor's plans for the economy. Starmer, who has been in the job less than two years after his Labour party won a landslide election victory, said nominations for his replacement would open on July 9. His rival Andy Burnham s...

June 22, 2026 6:28 PM

From sidelines to centre stage, Andy Burnham on course to be UK’s next prime minister

Four years ago Andy Burnham complained he was repeatedly denied a main-stage speaking slot at the Labour Party conference under Prime Minister Keir Starmer's leadership, saying it was a sign of disrespect for his then position as Greater Manchester mayor. There was some sympathy for one of Labour's most popular politicians, but now, as he seeks to become Britain's seventh prime minister in a decade, Burnham must prove he can occupy that centre stage, win over restless voters an...

June 22, 2026 4:27 PM

Britain’s pound weighed down, Starmer resignation clouds fiscal outlook

Sterling slipped and UK borrowing costs edged up on Monday, after Prime Minister Keir Starmer said he would resign and a new leader to be in place by September, leaving investors with no clarity on how Britain's next leader might run the economy. Starmer, who has been in the job less than two years after his Labour party won a landslide election victory, said nominations for anyone to replace him would open on July 9. His rival Andy Burnham is the clear frontrunner. Sterling GBP=, which has lo...

June 22, 2026 3:55 PM

A decade of chaos: Britain prepares for seventh Prime Minister

British Prime Minister Keir Starmer said he would quit on Monday, paving the way for the country to have its seventh leader in 10 years. The chaos dates back to the Brexit referendum, 10 years ago to the day on Tuesday. In the years since the vote, Britain has tried to forge its own path but struggled to boost its low-growth economy, hamstrung by high debts and a growing welfare bill, at a time of growing geopolitical volatility. JUNE 2016: UK VOTES FOR BREXIT, PM CAMERON QUITS Britons cause...

June 22, 2026 2:57 PM

Keir Starmer to step down as UK Prime Minister, Labour leader; successor race begins

British Prime Minister and Labour Party leader Keir Starmer on Monday announced that he would step down, bringing an end to a turbulent period marked by growing discontent within his party and criticism of his government's policies. Speaking outside 10 Downing Street, Starmer said he would remain Prime Minister until the Labour Party elects a new leader in the coming weeks. "The question my party is asking now is whether I am best placed to lead us into the next general election. I have heard t...

June 19, 2026 1:25 PM

Andy Burnham’s election win paves way for bid to oust UK PM Starmer

Labour mayor Andy Burnham ​cleared a path on Friday to ousting British Prime Minister Keir Starmer, potentially ushering in a new bout of political instability, by decisively winning a parliamentary seat in ‌northern England. Burnham, the Greater Manchester mayor nicknamed "King of the North", won the contest in Makerfield in northwest England with 54.8% of the vote, beating the candidate for Nigel Farage's populist Reform UK party, on 34.5%. The scale of Burnham's victory in what could be...

May 14, 2026 9:03 PM

What happens if the UK’s Starmer quits, or is challenged?

British Prime Minister Keir Starmer's position is under serious threat after senior minister Wes Streeting quit and dozens of Labour lawmakers called for him to set out a timetable for his departure, or resign, in the wake of heavy losses in local elections. Here's what could happen next: HAS A LEADERSHIP CONTEST BEEN TRIGGERED? Not yet. Health minister Wes Streeting resigned on Thursday, saying Starmer wouldn't lead the party for much longer and should facilitate a leadership race with the ...