Starmer Quits, Sets Out Plan for New UK PM by September

Summary

John Micklethwait analyzes Keir Starmer's resignation as UK PM, highlighting the difficulty of governing post-Brexit Britain and the damage to Labour's business-friendly image. He notes Andy Burnham's popularity but lack of clear policy, leaving market implications uncertain. No specific investment trades are offered.

• Keir Starmer steps down, paving way for a new UK PM by September with Andy Burnham as likely successor.
• John Micklethwait argues that Britain has become much harder to govern since Brexit, with increased political volatility.
• Starmer's government damaged Labour's pro-business stance, losing support from both left and right.
• Italy, under Meloni, is now seen as more politically stable compared to Britain.
• Andy Burnham is a popular but policy-unknown candidate, a 'blank slate' that could attract varied hopes.
• The discussion highlights UK political uncertainty but does not propose any direct tradable investments.