Across the Pond: UK politics in flux

The UK is once again in the spotlight, with another leadership transition as Keir Starmer steps down less than two years after winning a substantial majority and Andy Burnham emerges as the clear frontrunner. But with this being the seventh prime minister in a decade, questions are mounting about what’s driving this constant leadership turnover, how Brexit continues to shape the party system, and what it means for the UK’s policy direction. In this episode of Across the Pond, hosts Belinda Ulander and Christopher Swann are joined by Dean Turner, UK Economist at UBS, to discuss the underlying trends in British politics, what we know about Burnham’s agenda, as well as the implications for central bank policy, bond markets, sterling, and UK equities.