Labour power brokers want new fiscal rules after Starmer, The Times report; MPs from the influential Tribune faction called for longer-term debt targets and bigger wealth taxes in an effective manifesto for the next leader

The call from Labour's Tribune faction for new fiscal rules, including longer-term debt targets and increased wealth taxes, signals potential shifts in UK economic policy under a future leadership. This proposal could have significant implications for investor sentiment, particularly regarding fiscal sustainability and potential changes in taxation, making UK assets particularly sensitive to these developments during the election cycle.