Starmer on brink of quitting as UK prime minister
6/22/202612 min
UK Prime Minister Keir Starmer could be on his way out of Westminster, and the US and Iran held high-stakes talks in Switzerland to officially end the war. Venture capital funds are rushing into defense tech startups on the back of the world’s wars, and the FT’s Claire Jones explains why Wall Street sees more volatility ahead from changes to Federal Reserve communications.
Mentioned in this podcast:
Keir Starmer on brink of quitting as UK prime minister
What Andy Burnham’s Westminster past reveals about him
US and Iran hold crunch talks in Switzerland
Wars trigger $12bn venture capital rush into defence tech
Kevin Warsh’s push to axe Fed guidance may lift US borrowing costs, investors warn
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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Kelly Garry and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.
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First 90 secondsSpeaker 10:00
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Victoria Craig· Host0:28
[musical outro] Good morning from the Financial Times. Today is Monday, June 22nd, and this is your FT News Briefing. Keir Starmer may soon be out at Number 10, and we'll have the latest on crunch talks between the US and Iran. Plus, less communication from the Fed Chair could lead to more volatility on Wall Street.
Lucy Fisher· Guest0:54
This is what Walsh wants, in a way, is for markets to speculate.
Victoria Craig· Host0:59
I'm Victoria Craig, and here's the news you need to start your day. Keir Starmer's days as Britain's prime minister may be numbered. His allies told the FT he is on the brink of resigning, a move that could come as early as today. Colleagues say they expect Starmer to announce a, quote, "orderly transition plan" after he spent the weekend agonizing over