Stock traders across the UK are hoping the next Prime Minister will lead to some much-needed stability.

Sir Keir Starmer has set out his plan to resign as UK Prime Minister and says a successor will be in place by Parliament's return in September at the latest.  

It means Downing Street will welcome its seventh leader in a decade.

Financial Times Whitehall editor Lucy Fisher told Ryan Bridge markets had already priced in a likely leadership change.

She says the signals pointing towards a fairly seamless transition of power, rather than a bloody contest, are being welcomed by the markets. 

Former Cabinet minister Andy Burnham has now returned to Parliament as MP for Makerfield and is considered a shoo-in to become the next Prime Minister.

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