UK Stock traders hope next PM will lead to stability
Follow
the podcast on
Stock traders across the UK are hoping the next Prime Minister will lead to some much-needed stability.
Sir Keir Starmer has set out his plan to resign as UK Prime Minister and says a successor will be in place by Parliament's return in September at the latest.
It means Downing Street will welcome its seventh leader in a decade.
Financial Times Whitehall editor Lucy Fisher told Ryan Bridge markets had already priced in a likely leadership change.
She says the signals pointing towards a fairly seamless transition of power, rather than a bloody contest, are being welcomed by the markets.
Former Cabinet minister Andy Burnham has now returned to Parliament as MP for Makerfield and is considered a shoo-in to become the next Prime Minister.
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
