Berliner Boersenzeitung - UK's Starmer resigns as prime minister

EUR -
AED 4.095102
AFN 72.480008
ALL 90.801688
AMD 402.807486
ANG 1.995737
AOA 1023.635334
ARS 1721.721299
AUD 1.61933
AWG 2.007127
AZN 1.900047
BAM 1.955836
BBD 2.250342
BDT 139.162586
BGN 1.948955
BHD 0.422108
BIF 3342.96213
BMD 1.115071
BND 1.431727
BOB 13.402249
BRL 6.138357
BSD 1.117321
BTN 104.873949
BWP 15.391286
BYN 3.345962
BYR 21855.38619
BZD 2.247142
CAD 1.573644
CDF 2586.964483
CHF 0.914162
CLF 0.027822
CLP 1094.980351
CNY 7.444774
CNH 7.438418
COP 3608.76707
CRC 506.709417
CUC 1.115071
CUP 26.815498
CVE 110.267049
CZK 24.346956
DJF 198.963698
DKK 7.480457
DOP 67.891262
DZD 151.940824
EGP 59.957114
ERN 16.726061
ETB 183.378708
FJD 2.526309
FKP 0.833961
GBP 0.834166
GEL 2.893653
GGP 0.833961
GHS 13.055243
GIP 0.833961
GMD 83.077063
GNF 9896.183924
GTQ 8.538159
GYD 234.234353
HKD 8.744429
HNL 30.029558
HRK 7.547925
HTG 146.432722
HUF 363.51345
IDR 20192.258205
ILS 3.552538
IMP 0.833961
INR 104.716854
IQD 1693.83148
IRR 2108992.359359
ISK 136.919964
JEP 0.833961
JMD 177.323296
JOD 0.790629
JPY 176.710877
KES 145.192698
KGS 97.510486
KHR 4552.084602
KMF 492.86165
KPW 1003.563608
KRW 1520.737678
KWD 0.346765
KYD 0.931217
KZT 500.809308
LAK 25136.46717
LBP 100053.859534
LKR 371.556906
LRD 189.94353
LSL 18.477643
LTL 3.292514
LVL 0.674496
LYD 7.150133
MAD 10.921803
MDL 19.971371
MGA 5077.094359
MKD 61.556144
MMK 2341.311039
MNT 4015.078679
MOP 9.019368
MRU 45.108838
MUR 52.442198
MVR 17.176258
MWK 1937.436008
MXN 20.766565
MYR 4.528864
MZN 71.257178
NAD 18.477643
NGN 1502.23485
NIO 41.120764
NOK 10.548462
NPR 167.798119
NZD 2.015128
OMR 0.428348
PAB 1.117421
PEN 3.848972
PGK 5.092095
PHP 70.369926
PKR 309.016043
PLN 4.399568
PYG 6984.129802
QAR 4.084276
RON 5.343646
RSD 117.622186
RUB 91.352798
RWF 1649.13065
SAR 4.188587
SBD 8.974739
SCR 15.358485
SDG 670.719139
SEK 11.033072
SGD 1.430306
SHP 0.835103
SLE 25.591287
SLL 23382.48045
SOS 638.511867
SRD 41.908265
STD 23079.712667
STN 24.500455
SVC 9.776182
SYP 14498.149201
SZL 18.471343
THB 37.411034
TJS 10.307092
TMT 3.902748
TND 3.343362
TOP 2.684822
TRY 55.9111
TTD 7.577141
TWD 36.546782
TZS 2952.454872
UAH 50.616941
UGX 4570.084937
USD 1.115071
UYU 44.950835
UZS 13332.247784
VES 999.456181
VND 28526.296796
VUV 133.25575
WST 3.108617
XAF 655.957
XAG 0.021465
XAU 0.000274244363
XCD 3.013535
XCG 2.013637
XDR 0.788413
XOF 655.957
XPF 119.331742
YER 263.853652
ZAR 18.420333
ZMK 10036.978597
ZMW 22.703422
ZWL 359.052318
SSP 6406.644798
MXV 2.33632
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

UK's Starmer resigns as prime minister
UK's Starmer resigns as prime minister / Photo: Henry NICHOLLS - AFP

UK's Starmer resigns as prime minister

UK leader Keir Starmer announced his resignation on Monday following months of pressure, kickstarting a process that will see Britain get its seventh prime minister in a decade.

Text size:

In a speech outside 10 Downing Street, Starmer -- in office since July 2024 -- conceded he had lost the support of his Labour party MPs.

He said he had informed King Charles III of his decision to resign so that a new Labour leader, and therefore prime minister, could be elected.

"I will remain in post as prime minister until the contest is complete, and I will do everything I can to ensure an orderly handover of power," he said.

Starmer's authority has been waning since Labour endured a drubbing in local and regional elections in May.

He was unable to withstand the pressure any further following confirmation last week that his rival Andy Burnham was returning to parliament, clearing the path for an anticipated leadership challenge.

Burnham, a veteran Labour politician, is due to take up his seat in the House of Commons later on Monday after winning a parliamentary by-election in Makerfield, northwest England, on Thursday.

"The question my party is asking now is whether I am best placed to lead us into the next general election," Starmer said, as senior ministerial colleagues looked on.

"I have heard the answer of my parliamentary party to that question, and I accept that answer with good grace.

"Every decision I have taken has been about putting the country I love first. That is why I will resign as leader of the Labour Party," he added, choking up in an emotional speech.

Starmer said he had asked Labour's National Executive Committee to set out a timetable for his replacement, with nominations due to open on 9 July.

"This will ensure that a new leader is in place before parliament returns in September" after the summer recess, he explained.

Attention now turns to whether Burnham will become leader without a contest, as many Labour MPs have called for, or whether another candidate such as ex-health minister Wes Streeting decides to run as well.

Under Labour's rules, the leader of the centre-left party must be a member of parliament.

- 'Final chance' -

While Starmer had insisted he would fight any attempt to oust him, the emphatic nature of Burnham's victory last week and subsequent pressure was too much to withstand.

Foreign Secretary Yvette Cooper and energy minister Ed Miliband were among the senior ministers telling her boss to go, according to the press, while more than 100 of Labour's 403 MPs have reportedly urged him to resign.

Burnham -- who became the mayor of Greater Manchester mayor in 2017 -- has made clear he intends to bid to lead Labour, warning in his by-election victory speech the slumping ruling party had a "final chance to change".

If successful, the 56-year-old is set to replace Starmer as prime minister thanks to Labour's huge parliamentary majority.

Nigel Farage, the leader of the hard-right, anti-immigration Reform UK party, was swift to call for snap elections. His party has been leading the polls in national surveys.

Starmer, who polls show is deeply unpopular with the public, reportedly spent the weekend holed up with his family at Chequers, the countryside retreat for prime ministers, holding talks with allies.

He has been clinging to power for months after a tenure littered with missteps, policy U-turns, scandals and ministerial resignations.

Starmer was nearly ousted in March over his ill-fated decision to appoint Peter Mandelson, a known associate of the late US sex offender Jeffrey Epstein, as the UK's ambassador to Washington.

A former MP and government minister in the 2000s, Burnham defied national trends by easily beating the hard-right, populist Reform UK party's candidate.

UK media say he intends to replace finance minister Rachel Reeves, while retaining interior minister Shabana Mahmood.

(A.Berg--BBZ)