When it comes to the relationship between the United Kingdom and the European Union, political expediency and economic logic both point in the same direction. A majority of British voters now believe that Brexit was a mistake, and they are looking for a leader who will put the issue back on the national agenda.
LONDON—In the next few weeks, Britain’s ruling Labour Party will almost certainly select a new leader to replace Keir Starmer, the country’s deeply unpopular prime minister. But this prospect has not inspired hope of a political or economic renewal. Among British media and, more importantly, global financial markets, the consensus is that any revisions to the failing Starmer government’s policies will only make things worse. One is reminded of the arch-conservative Victorian-era prime minister Lord Salisbury, who asked: “Change? Change? Aren’t things bad enough already?”
LONDON—In the next few weeks, Britain’s ruling Labour Party will almost certainly select a new leader to replace Keir Starmer, the country’s deeply unpopular prime minister. But this prospect has not inspired hope of a political or economic renewal. Among British media and, more importantly, global financial markets, the consensus is that any revisions to the failing Starmer government’s policies will only make things worse. One is reminded of the arch-conservative Victorian-era prime minister Lord Salisbury, who asked: “Change? Change? Aren’t things bad enough already?”