U.K. Prime Minister Keir Starmer's resignation opens a path to near-term political stabilization under front-runner Andy Burnham, but market confidence will depend on whether a fractured Labour party can maintain fiscal discipline while expanding regional investment and state intervention. On June 22, Keir Starmer announced his resignation as prime minister and leader of the Labour party, bringing to an abrupt end a premiership that began with a landslide election victory in 2024 but steadily lost political momentum over the following two years. In a statement outside Downing Street, Starmer said he had "heard the answer" from his party on whether he remained the right person to lead Labour into the next general election, adding that he would step aside in the national interest while ensuring an orderly transition. Starmer also said that he would remain in office in a caretaker capacity until a successor was chosen. His resignation follows months...
