{"id":621544,"date":"2026-06-19T13:05:00","date_gmt":"2026-06-19T13:05:00","guid":{"rendered":"https:\/\/buglecall.org\/?p=621544"},"modified":"2026-06-19T13:05:00","modified_gmt":"2026-06-19T13:05:00","slug":"uk-gilt-yields-spike-as-burnham-win-opens-door-to-oust-starmer","status":"publish","type":"post","link":"https:\/\/buglecall.org\/?p=621544","title":{"rendered":"UK Gilt Yields Spike As Burnham Win Opens Door To Oust Starmer"},"content":{"rendered":"

UK Gilt Yields Spike As Burnham Win Opens Door To Oust Starmer<\/span><\/p>\n

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The odds of embattled UK Prime Minister Keir Starmer being ousted by the end of July are soaring<\/strong> this morning…<\/p>\n\n

…after Greater Manchester Mayor Andy Burnham won a decisive victory for the ruling Labour Party that delivers him a seat in Parliament and, with it, a pathway to challenge Starmer for his job.<\/p>\n

Burnham was elected in a standalone contest for the constituency of Makerfield, in northwestern England, with a convincing 54.8% of the vote.<\/strong> He defeated Robert Kenyon from Nigel Farage\u2019s right-wing Reform UK, who secured 34.5%, while third-placed Restore Britain registered just under 7%.<\/p>\n

\"\"<\/a><\/p>\n

In a post on X, Starmer congratulated his rival on his victory.<\/p>\n

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\u201cVoters chose Labour\u2019s campaign of hope and optimism over division and hate,\u201d<\/strong> he wrote.<\/em><\/p>\n<\/blockquote>\n

Farage said he was \u201cdisappointed,\u201d in a video posted after the result.<\/p>\n

Addressing voters who left his party for Restore he asked:<\/p>\n

\n

\u201cWhat do you want? We are the challenger party to the left in this country, and I would urge you to think again.\u201d<\/em><\/p>\n<\/blockquote>\n

A defiant Starmer said in response that he would run against Burnham in any leadership contest. <\/strong><\/p>\n

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\u201cIf there is one, I\u2019ll stand,\u201d he told broadcasters on Friday morning, hours after Burnham\u2019s victory: <\/em><\/p>\n

\u201cI\u2019m not going to walk away.\u201d <\/em><\/p>\n<\/blockquote>\n

As Bloomberg reports, the prime minister\u2019s fortunes have faded after he led his party to a dismal showing in the May locals, where Reform gained ground. In the aftermath, almost a quarter of Labour\u2019s more-than 400 MPs called on Starmer to go.<\/p>\n

\n

\u201cTonight could, just could, be the turning point,\u201d <\/strong>Burnham said after the results were announced to loud cheers from his supporters. <\/em><\/p>\n

\u201cI do say to my own party, this is a final chance to change.\u201d<\/em><\/p>\n

\u201cWe must hear it, we must act upon it, and we must get it right,\u201d he said.<\/em><\/p>\n

\u201cThere will be no second chance.\u201d<\/em><\/p>\n<\/blockquote>\n

Despite, Burnham’s ruling out changing the government\u2019s limits on borrowing if he were to gain power,<\/strong> in a bid to reassure investors about his fiscal plans, his\u00a0win pushed Cable slightly lower and gilt yields notably higher:<\/p>\n

\"\"<\/a><\/p>\n

\u00a0\u201cWith Burnham having made a statement win, the next few months will likely see domestic political risks dominating headlines in the UK and as a result markets pricing in real political risk premium,<\/strong><\/em>\u201d said Megum Muhic, a strategist at RBC.<\/p>\n

Burnham has the best (least worst) ratings of any major UK politician…<\/p>\n

\"\"<\/a><\/p>\n

\u201cThe prime minister is now in political quicksand,\u201d<\/strong><\/em> James Lyons, Starmer\u2019s former director of communications, told Sky News.<\/p>\n

\u201cThere is now a very good chance that Andy Burnham will be installed as prime minister without a contest,\u201d <\/strong><\/em>he said, adding that the size of the win makes that more likely.<\/p>\n

If Starmer steps down or is voted out by the Labour Party membership, the UK would usher in its fifth prime minister in less than four years.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nFri, 06\/19\/2026 – 09:05<\/span><\/p>","protected":false},"excerpt":{"rendered":"

UK Gilt Yields Spike As Burnham Win Opens Door To Oust Starmer The odds of embattled UK Prime Minister Keir Starmer being ousted by the end of July are soaring this morning… …after Greater Manchester Mayor Andy Burnham won a decisive victory for the ruling Labour Party that delivers him a seat in Parliament and,… Continue reading UK Gilt Yields Spike As Burnham Win Opens Door To Oust Starmer<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":621545,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[17,22,13],"tags":[],"class_list":["post-621544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-border-security","category-immigration","category-immigration-reform","entry"],"_links":{"self":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/621544","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=621544"}],"version-history":[{"count":0,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/posts\/621544\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=\/wp\/v2\/media\/621545"}],"wp:attachment":[{"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=621544"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=621544"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buglecall.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=621544"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}