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Leadership Bid

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UK Politics Updates: Wes Streeting Remains Health Secretary, King's Speech Debate, and Nigel Farage Investigation
Politics
5/13/2026AI summary

UK Politics Updates: Wes Streeting Remains Health Secretary, King's Speech Debate, and Nigel Farage Investigation

Downing Street confirms Wes Streeting remains Health Secretary amid potential leadership challenge rumors. The King's Speech debate begins with jibes from Labour's Naz Shah. A European partnership bill aims to align UK regulations with the EU, potentially adding £5.1bn annually to the economy. Nigel Farage faces a parliamentary inquiry over an undeclared £5m donation.

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Guardian UK
Starmer given a lifeline after Streeting challenge fails to materialise
NEWS
5/12/2026

Starmer given a lifeline after Streeting challenge fails to materialise

Downing Street insiders suggest health secretary does not yet have the support for a leadership pushUK politics live – latest updatesKeir Starmer was increasingly confident that he had seen off the immediate threat to his job on Tuesday after a challenge from Wes Streeting failed to materialise despite several of the prime minister’s allies quitting the government.Downing Street insiders suggested that the health secretary did not yet have the required support from the 81 MPs he needed to formally launch a leadership bid after Starmer issued a ‘put up or shut up’ ultimatum to his cabinet. Continue reading...

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Guardian UK
UK government borrowing costs rise as Starmer ‘fails to reassure bond markets’ – business live
NEWS
5/11/2026

UK government borrowing costs rise as Starmer ‘fails to reassure bond markets’ – business live

Rolling coverage of the latest economic and financial newsStarmer faces fight to survive as Streeting and Rayner eye leadership bidsGovernment bond yields are rising across the board this morning, although UK debt is leading the losses.US and eurozone borrowing costs have also pushed higher, on concerns that the lack of progress towards ending the Iran war will lead to higher oil prices, more inflation, and higher interest rates.Inflationary headwinds as a consequence of the conflict in the Middle East are weighing on a number of UK businesses. We have already heard from companies like Next, Asos, Sainsbury’s and WH Smith which have warned of higher costs. Now shares in Victrex have shed almost 6% today on the back of a profit warning. It anticipates weaker annual profit before tax of between £42m and £44m for fiscal 2026, falling short of estimates for £46.6m. First half underlying pre-tax also profit dropped by 18% to £19m.The UK mid-cap polymer maker says the Iran war will push up energy and raw material inflation. The company is responding by reducing headcount by 10% to cut costs elsewhere. Continue reading...

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Guardian Business