Starmer's fresh start?

This episode of Wake Up To Money explores the political turbulence surrounding UK Prime Minister Keir Starmer following a recent election, as four ministers resigned and over 80 Labour MPs called for his resignation. Despite the internal party chaos, Starmer has maintained his position, but the instability has triggered a negative reaction in financial markets, particularly the bond market, where long-term gilt yields hit an all-time high since 1998 due to concerns over fiscal credibility and leadership uncertainty. Experts like Catherine MacLeod and Sunaina Sina-Haldea emphasize that political instability undermines investor confidence, leading to higher borrowing costs that will ultimately affect mortgages, business loans, and public finances. The episode also examines the broader global context, including Donald Trump’s diplomatic trip to China to discuss the Iran war and trade tensions, and the potential for China to play a mediating role. Meanwhile, a British startup, BioOrbit, is preparing to launch cancer drugs into space to produce more uniform, high-quality drug crystals—potentially enabling home-based cancer treatments. The episode concludes with a look at the King’s Speech, highlighting proposed energy independence legislation and plans to streamline infrastructure projects and improve energy efficiency through a new government agency.