A top investment bank has concluded that the United Kingdom is "no better off" than it was when Keir Starmer and Rachel Reeves took office, delivering a stark verdict on the economic legacy of the current government.
The assessment comes as Prime Minister Keir Starmer has resigned, ending his tenure as head of government and leader of the Labour Party.
The announcement confirms reports that had circulated over the weekend regarding his imminent departure from Downing Street.
The bank's commentary highlights the disconnect between political transitions and economic outcomes, suggesting that despite policy shifts, tangible improvements in the UK's economic standing have not materialized to the extent investors might have hoped.
With Starmer's resignation confirmed, markets are now looking toward the next phase of political leadership and potential policy adjustments.
The investment bank's critique underscores the challenges facing the UK economy as it navigates this period of political uncertainty.