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Lucy Fisher: Financial Times Whitehall editor on Sir Keir Starmer's resignation as Prime Minister
Description
Stock traders across the UK are hoping the next Prime Minister will lead to some much-needed stability.
Sir Keir Starmer has set out his plan to resign as UK Prime Minister and says a successor will be in place by Parliament's return in September at the latest.
It means Downing Street will welcome its seventh leader in a decade.
Financial Times Whitehall editor Lucy Fisher told Ryan Bridge markets had already priced in a likely leadership change.
She says the signals pointing towards a fairly seamless transition of power, rather than a bloody contest, are being welcomed by the markets.
Former Cabinet minister Andy Burnham has now returned to Parliament as MP for Makerfield and is considered a shoo-in to become the next Prime Minister.
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