UK PM Starmer says local election results were "very tough"; reiterates he takes responsibility for election loss; reiterates he will not step down

PM Starmer's remarks following tough local election results highlight internal challenges for the Labour Party, yet his insistence on not stepping down reflects a commitment to stability amid potential political volatility.

Newsquawk StaffPublished 11 May 2026, 09:29 UTCOn the live feed at 09:09 UTC — 4 more headlines followed before this page went public

Newsquawk headlinesUTC

09:23

Amazon (AMZN) preparing to issue CHF-denominated bonds, Bloomberg reports citing sources

09:23

UK PM Starmer says at the next EU summit, he will rebuild UK's relationship with Europe

09:09

UK PM Starmer says local election results were "very tough"; reiterates he takes responsibility for election loss; reiterates he will not step down

09:07

Semafor reports that lawmakers are considering a potential congressional authorisation for military action if the US-Iran ceasefire ends

09:02

HSBC raises its S&P500 year-end target to 7650 (prev. 7500)

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COMMENTARY

Will do and can do better in months and years ahead.
Will prove doubters wrong.

UK ECONOMY

Fundamentals of the UK economy are sound.

UK EMPLOYMENT

Will go further on investments in apprenticeships.

BRITISH STEEL

Legislation will be brought forward this week to take full national ownership of British Steel.

EU

Brexit made UK weaker and took migration higher.
At the next EU summit, he will rebuild UK's relationship with Europe.

Context

This could impact market sentiment, especially if investors weigh the implications of UK political dynamics on economic policies, including Brexit negotiations and public investments.

Fixed Income · last 90 days

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FIXED INCOME/4 Sept · 12:30 UTC

US Non Farm Payrolls (Aug) 162K vs. Exp. 56K (Prev. 21K); 2-month net revision +55k; Birth-Death 154K.

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FIXED INCOME/25 Aug · 19:26 UTC

A ceasefire between the US and Iran has been agreed upon, it includes free navigation in the Strait of Hormuz and will be announced in the coming days, reports Ria citing Pakistani and Iranian sources

10yr UST futures, after we published+0.1%

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

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ENERGY/8 Sept · 05:23 UTC

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