UK markets steady after Starmer sets resignation timetable (opens in new tab)

British Prime Minister Keir Starmer said on June 22 that he would resign as Labour Party leader and remain caretaker prime minister until his party chooses a successor, opening another leadership transition less than two years after Labour’s July 2024 election victory. He said nominations to replace him would open on July 9 and that a new leader should be in place before Parliament returns in September. Markets showed no sharp dislocation after the announcement. The New York Times reported a ...