UK government bond yields rise as Starmer faces leadership crisis following staff exits

UK gilt yields rose today as key staff resignations sparked doubts over Prime Minister Keir Starmer's future. Markets remain volatile amid political unrest.

Tim Allan, the director of communications for Prime Minister Keir Starmer, has resigned from his position within the UK government GBGB. This departure follows the earlier resignation of Starmer's chief of staff, Morgan McSweeney. The exit of these senior figures from the Labour Party administration has coincided with an immediate reaction in the financial markets, where investors have begun questioning the political future of Keir Starmer.
FILE PHOTO: British Prime Minister Keir Starmer on Downing Street ahead of Prime Minister's Questions in London, Britain, February 4, 2026. REUTERS/Toby Melville/File Photo
FILE PHOTO: British Prime Minister Keir Starmer on Downing Street ahead of Prime Minister's Questions in London, Britain, February 4, 2026. REUTERS/Toby Melville/File Photo
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