Brown to quit as Labour chases Lib Dem deal

clock

Gordon Brown is to step down as Prime Minister in September and will ask the party to "set in train" a leadership contest to replace him.

The Prime Minister also revealed Liberal Democrat leader Nick Clegg wants to start discussions with Labour to try and form a coalition government. He said: "If it becomes clear the national interest w can best be served by forming a coalition between the Labour party and the Liberal Democrats then I believe I should discharge that duty to form that government which would in my view command a majority in the House of Commons in the Queen's speech and any other confidence vote." The Prime Minister said in a statement he had "no desire to stay in my position longer than is needed to ensu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Fairstone refines buyout terms to focus on high-growth potential IFAs

Fairstone refines buyout terms to focus on high-growth potential IFAs

Updated DBO model to ‘support increased valuations’

Jenna Brown
clock 30 April 2025 • 2 min read
L&G drops fracture cover in critical illness and income protection overhaul

L&G drops fracture cover in critical illness and income protection overhaul

Increased pay out amounts

Jaskeet Briah
clock 29 April 2025 • 3 min read
Advisers could add 20 more clients annually with AI support

Advisers could add 20 more clients annually with AI support

Early adoption of artificial intelligence tools is boosting adviser efficiency

Sahar Nazir
clock 28 April 2025 • 2 min read