UK Labour MP Sarwar is reportedly expected to directly call for PM Starmer to resign, BBC's Eardley reports. Press conference with Sarwar expected at 14:30GMT.
Newsquawk Staff ·
UK Labour MP Sarwar is reportedly expected to directly call for PM Starmer to resign, BBC's Eardley reports. Press conference with Sarwar expected at 14:30GMT.
What it means
This development indicates a potential shift in UK political dynamics as Labour MP Sarwar's call for PM Starmer's resignation could signal internal party unrest. Depending on the press conference's content, this may influence market sentiment towards UK assets, especially if it suggests a leadership vacuum or instability within Labour. Traders should be vigilant about potential volatility in GBP and equities related to this political news.
Sources
- UK PM Burnham declines to rule out another Brexit referendum at PMQs
- Announcement UK Chancellor Healey will freeze NHS prescription charges at GBP 9.90 for another year may have been removed from the budget in a late night scramble, reports The Telegraph
- UK PM Burnham rules out an early election; says, "I don’t think people want another backward looking squabble. They want me to get on with the job", The Times reports
- Datafolha poll shows Bolsonaro is seen with 47% of votes vs President Lula at 46% in the Brazil presidential runoff
- RN's Marine Le Pen would win the first round of the French election, Cluster 17 poll shows; Philippe and Melenchon would tie for 2nd place
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