"Sir Keir Starmer could be forced out of Downing Street before the end of July, according to bombshell predictions from top investment bank Jefferies. In a startling note to clients, analysts put the chances of the Prime Minister being ousted by summer at 60% - meaning the City believes it's more likely than not that he won't survive. And the warning doesn't stop there."
"They wrote, "If Starmer stays, it is likely to be through concessions to the left-leaning camp of Labour. If Starmer goes, he is likely to be replaced by a left-leaning candidate." Following a very turbulent time for Starmer last week the analyst said the Prime Minister who is clinging on to power has left them worried "about the fiscal picture in the UK.""
Jefferies assigns a 60% probability that Keir Starmer will be forced out of Downing Street before the end of July. The bank foresees Labour shifting left regardless: Starmer could cling to power only by conceding to the left-leaning wing, or be replaced by a left-leaning successor. Investors are increasingly focused on political stability and potential effects on taxes, spending and economic policy. Analysts warn recent turbulence raises concerns about the UK's fiscal picture and caution that further tax rises or spending cuts would be negative for growth. Downing Street has not responded.
Read at London Business News | Londonlovesbusiness.com
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