Markets twitch as Burnham premiership looks dead cert – Estate Agent Today

Markets twitch as Burnham premiership looks dead cert 23rd June 2026 0 comments Todays other news The new director comes to Strutt & Parker after almost… Andy Burnham looks set to become PM within weeks… The report is by Barclays Bank… The government is likely to fail in its housebuilding targets… 23rd June 2026 0 comments Gilts and swap rates rose by around 10 basis points on news of Sir Keir Starmer’s resignation and the very strong likelihood of an Andy Burnham premiership. Adam French of independent financial service Moneyfacts says: “Episodes of political volatility tend to push up borrowing costs as investors demand a greater premium for perceived risk.  “Much will now depend on the fiscal policies put forward by future PM apparent Andy Burnham and anyone else vying for the Labour leadership, particularly their approach to taxation and public spending. “The lessons of the 2022 [Liz Truss] mini-Budget remain fresh. Fiscal headroom is tight and money markets will be watching the UK closely.  “If plans don’t add up, the subsequent loss of confidence can quickly drive up borrowing costs. Once again, it is households which risk picking up the tab if market confidence is undermined.” Agents are also
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