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Bond markets are bracing for UK PM Starmer's political rivals to break cover
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- Bond traders are bracing for more U.K. instability as Prime Minister Keir Starmer could be formally challenged by rivals on Thursday, as he clings to power.
- A Labour leadership election can only be triggered if the leader resigns, or if 20% of MPs nominate a challenger, meaning 81 Labour lawmakers would need to back an individual bid.
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Bond traders are bracing for more U.K. instability as Prime Minister Keir Starmer could be formally challenged by rivals on Thursday, as he clings to power.
Health Secretary Wes Streeting is expected to resign to launch a leadership bid, while Starmer's former deputy Angela Rayner has reportedly been cleared of deliberate wrongdoing over her tax affairs, boosting her prospects for another potential leadership bid.
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