Markets shrug as Starmer resigns; Burnham tipped as successor faces tough fiscal outlook
By
Graham Hiscott
Summary
The article discusses the relatively muted reaction from financial markets (FTSE, bond yields) to Keir Starmer's resignation and the potential appointment of Andy Burnham as his successor. Despite the dramatic political events, markets showed little volatility, which the author attributes to the slow-burn nature of the political crisis. The piece is framed as an opinion suggesting that whoever takes over from Starmer inherits a poisoned chalice due to the dire state of UK public finances.
Source
bskyMarkets shrug as Starmer resigns; Burnham tipped as successor faces tough fiscal outlookmirror.co.ukKey quotes
· 4 pulled"Meh" was one way of viewing the reaction in the Square Mile and investors generally to the resignation of Keir Starmer
Hardly the nosebleed-inducing movements we're used to with other seismic events.
One reason for what might appear on the outside as apathy is the slow car crash nature of what has unfolded
whoever takes over from Keir Starmer as PM is handed something of a poisoned chalice given the state of the public finances
You might also wanna read
Financial markets take cautious stance after Burnham's Makerfield byelection victory
Andy Burnham's victory in the Makerfield byelection received a muted response from financial markets, with investors adopting a cautious "wa
observer.co.uk·4d ago
Reform UK faces questions over £2.8m discrepancy in 2019 donation reporting
Reform UK (formerly the Brexit Party) faces scrutiny over a multimillion-pound discrepancy in its financial reporting. The party's 2019 annu
observer.co.uk·22d ago
Suspicious Oil Futures Trading Surge Precedes Trump's Iran Strike Postponement Announcement
A mysterious surge in oil futures trading occurred just minutes before President Trump announced he was postponing strikes on Iranian power
wsj.com·3mo ago
EU Parliament committee adopts legal framework for digital euro
The EU Parliament's Committee on Economic and Monetary Affairs (ECON) has adopted its position on the digital euro, voting with a clear majo
heise.de·23m ago
U.S. Debt Exceeds 100% of GDP, But Washington Dismisses the Milestone
The article discusses the U.S. federal debt surpassing 100% of GDP, a milestone that deficit hawks hoped would shock the public into action.
nytimes.com·1h ago
Alemania propone aumentar la edad de jubilación a 70 años y crear una pensión privada obligatoria
Alemania planea reformar su sistema de pensiones siguiendo las recomendaciones de una comisión de expertos. Las medidas principales incluyen
eldiario.es·3h agoComments
Sign in to join the conversation.
No comments yet. Be the first.