Andy Burnham prepares for power as emotional Keir Starmer bows out
New Makerfield MP could get keys to No 10 unopposed after British prime minister’s resignation paves way for successor
TL;DR
- Keir Starmer resigns as British prime minister due to pressure from Labour MPs and concerns about Reform UK.
- Andy Burnham is the likely successor, expected to become prime minister without a contest.
- Burnham plans to outline new policies starting next week, focusing on the economy and devolution, and may appoint Ed Miliband as chancellor.
- Wes Streeting is a potential candidate for a top cabinet role, though his leverage is questioned.
- Starmer cited personal reasons and a desire to focus on family for his decision to step down.
- The timeline for the leadership contest is set, with nominations opening on July 9 and completion by the summer recess.
- Burnham thanked Starmer for his service and emphasized the need for an orderly transition.
- Market reaction was muted, with bond yields falling slightly.