UK Post-Election Jitters

Sir Keir Starmer faces calls for resignation from over 80 Labour MPs, causing 30-year Gilt yields to rise by 13bps as investors fear a more fiscally expansionary successor.

Key Takeaways

• 1.Sir Keir Starmer remains Labour leader despite significant internal pressure and ministerial resignations following poor election results.
• 2.UK borrowing costs have risen (30-year Gilt yields up 13bps) and the pound has weakened due to investor anxiety over political instability.
• 3.Labour's internal rules make triggering a leadership contest difficult, requiring a threshold of 81 MP signatures for a single candidate.

Table of Contents

• EMEA MACRO SNAPSHOT
• UK: Post-Election Jitters
• What impact would Keir Starmer's successor as Labour leader have on UK financial markets?
• Head of CIB Research
• Head of Macro & Financial Institutions Research
• Head of Europe Macro research
• Financial Institutions
• France, Belgium, Euro Area
• Germany, Euro Area
• Covered Bonds
• Spain, Italy, Greece, Portugal, Euro Area
• Inflation, Macro modeling, Euro Area
• CEMEA
• UK, Nordics, Real Estate
• Assistant Economists
• Rita BEJJANI
• Leslie HUYNH
• Data base

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