Advisers highlight uncertain political and fiscal future after Starmer resignation

Prime Minister’s exit places chancellor Rachel Reeves’ position ‘inevitably’ under scrutiny

Isabel Baxter
clock • 5 min read

Financial planners have warned that the coming months could bring significant changes to fiscal policy ahead of the Autumn Budget following Keir Starmer's resignation as Prime Minister and Labour leader.

The Prime Minister announced today (22 June) that he will step down in September, officially triggering the well-trailed leadership contest that will determine both the future direction of the Labour government and the composition of the next cabinet. Following the announcement of Starmer's departure, advisers have told PA that the political changes could have important implications for taxation, public spending and economic policy depending on who succeeds Starmer and whether chancellor Rachel Reeves remains in post. Attention is now turning to Labour's leadership contest, with Great...

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