MHA analyst Connor Hicks says if a successor can deliver policy certainty,
market volatility after Prime Minister Starmer’s resignation could ease. Hicks
warns the next PM must balance political ambition with fiscal discipline;
achieving that balance would likely be welcomed by investors seeking a more
predictable, growth‑oriented policy backdrop. He says it is hard to predict the
policy stance of leading contender Andy Burnham — who has previously presented
as fiscally expansionary but recently pledged to adhere to current fiscal rules.
Investors will focus on tax and spending choices; corporates want a clear
long-term investment plan.
