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The Independent UK
The Independent UK
National
Bryony Gooch

Labour leadership turmoil shakes the markets as pound falls after Burnham announcement

Andy Burnham Sir Keir Starmer
  • Sterling has fallen to a one-month low against the dollar amidst political turmoil, reaching $1.33.
  • Greater Manchester mayor Andy Burnham is reportedly preparing to challenge Sir Keir Starmer for the Labour leadership.
  • No 10 has indicated it will not block Mr Burnham from standing in the Makerfield constituency to return to Parliament.
  • Wes Streeting dramatically resigned as health secretary, citing a loss of confidence in Sir Keir's leadership and accusing him of creating a vacuum.
  • Despite the leadership challenges, Sir Keir Starmer has vowed to fight on, with allies confirming his determination to remain in office.

IN FULL

Starmer latest: Pound plummets to one-month low after Burnham plots PM challenge

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