UK government whips believe Wes Streeting will make his move on Thursday, to avoid clashing with King’s Speech, while Andy Burnham doesn’t have an MP ready to quit, according to Sky News reporter Jon Craig
The news suggests increasing political tensions within the UK Labour Party regarding leadership, as dissatisfaction with Keir Starmer appears to be mounting.
Korea (Republic of) Unemployment Rate (Apr) 2.8% (Prev. 2.7%)
US President Trump posts image on Truth Social of Venezuela as the 51st state
UK government whips believe Wes Streeting will make his move on Thursday, to avoid clashing with King’s Speech, while Andy Burnham doesn’t have an MP ready to quit, according to Sky News reporter Jon Craig
Brazil's President Lula is to sign an executive order scrapping federal tax on lower value imports
Iranian Foreign Minister Araghchi says a lack of good faith and the dishonesty of the US is the most significant obstacle to a definitive end to the war
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- "Besides 87 MPs who’ve publicly called for Sir Keir Starmer to go, same number privately want him to step down"
This could have implications for market sentiment, especially if a leadership challenge significantly alters the party’s agenda or electoral prospects, impacting GBP and equity markets. Traders should monitor developments closely, as political stability can influence broader economic policies and investor confidence.
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