Hi everyone,
Andy Burnham has officially become the new Prime Minister of the United Kingdom after being invited by King Charles III to form a government.
He replaces Keir Starmer and becomes the UK’s seventh Prime Minister in just over a decade. I feel for the removal company at No10.
Now, I’ll be completely honest: I don’t usually follow politics particularly closely.
I’m much more interested in what political decisions actually mean for our money, investments and businesses than the usual arguing between parties. I have enough arguments with people about dividend stocks or growth stocks.
But when something significant happens, it’s worth paying attention.
And politics can occasionally become quite entertaining too. We all remember the Liz Truss period, when the big question was whether she would last longer than a lettuce. She did not.
More importantly, that short period also showed us how quickly political decisions can affect the pound, government borrowing, mortgage rates, pensions and UK investments.
So, what could change under Andy Burnham?
