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Home Secretary Shabana Mahmood among ministers calling for Starmer to resign
At least three Cabinet ministers and more than 80 Labour MPs are pressing him to set out a departure plan after the local election defeat.
On Monday, Home Secretary Shabana Mahmood visited Downing Street to urge Prime Minister Keir Starmer to set a timetable for his departure, joining at least three Cabinet ministers demanding he step aside.
Starmer's leadership crisis deepened after Labour's disastrous local election results on May 7, when the party lost control of the Welsh parliament and nearly three-fifths of English council seats it was defending.
Four ministerial aides resigned during the turmoil, while 10-year gilt yields rose nine basis points to 5.00% as bond investors expressed concern about potential fiscal spending increases under new leadership.
Care Minister Stephen Kinnock warned that cabinet resignations risked unleashing "chaos," while Starmer vowed "I have to prove them wrong, and I will," resisting the internal party revolt.
Bond investors worry a replacement for the Prime Minister could increase fiscal spending, potentially driving borrowing costs higher as the political standoff threatens to destabilize government operations in coming days.