UK PM announces resignation
6/22/202626 min
Sir Keir Starmer says he will step down as Labour leader and UK prime minister. What does the political uncertainty mean for the British economy?
Cape Verde has become one of the stories of the FIFA World Cup - what impact is the tournament having on its economy?
And Alan Greenspan, the longtime chair of the US Federal Reserve, has died aged 100. We’ll hear from the former Bank of England governor, Mervyn King, on Greenspan’s impact on the American economy.
Presenter: Andrew Peach Producer: Rob Cave and Haider Saleem
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Transcript preview
First 90 secondsAndrew Peach· Host0:00
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Speaker 20:34
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Andrew Peach· Host1:03
[chime] New leadership in Britain.
Keir Starmer· Soundbite1:09
That is why I will resign as leader of the Labour Party.
Andy Burnham· Soundbite1:13
I swear by Almighty God that I will be faithful and bear true allegiance to His Majesty King Charles.
Andrew Peach· Host1:20
It's World Business Report from the BBC World Service. [chime] This is Andrew Peach. On the way, we'll look at what a new UK Prime Minister will mean for the world's fifth-biggest economy.