Senior Labour leader Sir Keir Starmer has finally resigned as Prime Minister, bringing an end to his two-year tenure in Downing Street. His departure follows a series of questions over his economic policies, which critics argue have led to stagnant growth and rising taxation. In a speech to the House of Commons, Starmer attempted to define his legacy, citing the stabilisation of the economy and investment in public services. However, these claims have been disputed by economists, who point to a decade-long trend of low growth and rising inflation. On defence spending, Starmer's government has been accused of being 'parsimonious' and lacking a clear pathway to NATO's 3.5% spending target.
Labour's economic woes are set to be highlighted in the coming days, as the party's new leader Andy Burnham prepares to form a government. Burnham's plans for the UK economy are expected to be closely scrutinised, particularly in the areas of taxation and defence spending.
Starmer's resignation has sparked concern among Labour MPs, with some already expressing fears of 'buyer's remorse' over the party's leadership. The move has also sparked debate over the role of political skills in leadership, with critics arguing that Starmer's lack of experience in this area has contributed to his party's economic woes.