UK markets brace for Burnham premiership

UK markets brace for Burnham premiership

“It has been coming for months, but today might finally see Starmer give up the ghost on his less than stellar premiership. For markets, the question is what will really change. Does Burnham, who already has form on flip-flopping, have the strength of will to chart a more dynamic course than the drift exhibited by Starmer’s period in office? Something big is needed to arrest the slide towards Reform, but markets are not likely to be happy with some kind of free-spending approach given the UK’s dire financial state.”

Chris Beauchamp, Chief Market Analyst at IG.