Societe Generale Warns That Any Successor To Keir Starmer Would Face Severe Fiscal Constraints From Bond Markets

Societe Generale's UK economist Sam Cartwright told Reuters that a new British leader would not have scope to significantly lift government borrowing. According to the prediction market Polymarket, there is currently a 29 percent chance that keir starmer will be replaced by the end of June and a 53 percent chance by the end of the year. This comes as Societe Generale becomes one of the first major banks to tell clients that the departure of keir starmer is likely, despite the prime minister stating earlier this month that he would still be in power in years' time.