UK prime minister Keir Starmer has resigned under mounting pressure from within his own party after months of political turmoil.
The embattled leader also quit as the head of the Labor Party.
Speaking outside 10 Downing Street Monday, Starmer said he is responding to the party's question if he's "best placed to lead us into the next general election", adding, "I have heard the answer".
In an emotional speech, Starmer said he will continue as Labor Party leader until his successor is elected, preferably "before Parliament returns in September".
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.