With UK PM Starmer's leadership under increasing scrutiny, UK Health Secretary, Wes Streeting, has issued a statement via social media thathe is resigning his post.
Streeting says that while there are good reasons to remain in post, he haslost confidence in Starmer’s leadership:
"As you know from our conversation earlier this week,having lost confidence in your leadership, I have concluded that it would bedishonourable and unprincipled to [remain in post]."
"It is now clear that you will not lead the Labour Party into the next general electionand that Labour MPs and Labour unions want the debate about what comes next to be a battle of ideas, not of personalities or petty factionalism.
Setting out the reasons for his resignation, he pointed to last week's "unprecedented" local elections results, in which the government's "unpopularity" was "a major and common factor" across Britain, the threat of Reform UK as one of the key reasons for his departure from government, and policy "mistakes".
"Where we need vision, we have a vacuum. Where we need direction, we have drift. This was underscored by your speech on Monday,"he wrote.
Streeting is widely thought to be planning to challenge Starmer for the Labour leadership, but he does not announce the start of a formal bid in his letter.
For now there is little to no reaction in GBP or gilts (as several market observers believe any new leadership will deliver more orthodox and less "free shit" fiscal policies) but Polymarket shows the odds of Starmer being gone by the end of May are soaring...
Allies of Mr Streeting, who handed in his resignation as the Health Secretary on Thursday, havemade little secret that he is ready to become prime minister and has a comprehensive plan to change the country.
Here is The Telegraph laying out what a Streeting premiership look like?
Source: ZeroHedge News
