Back to News
investment

UK PM Keir Starmer suffers major blow after his party comes third in key vote

CNBC
Loading...
3 min read
0 likes
⚡ Quantum Brief
The Green Party secured its first-ever by-election victory in Gorton and Denton, Greater Manchester, defeating Labour in a seat it held for nearly a century. Green candidate Hannah Spencer won 40.7% of the vote, marking a historic shift in left-wing support. Labour Prime Minister Keir Starmer called the third-place finish "very disappointing," acknowledging voter frustration amid scandals, including Peter Mandelson’s controversial U.S. ambassador appointment. The loss fuels speculation about his leadership stability. Reform UK placed second with 28.7%, signaling a right-wing challenge to the Conservatives. Analysts note both major parties face unprecedented threats from fringe groups, reshaping Britain’s political landscape beyond traditional centrist battles. Gilts dipped slightly post-result, with 10-year yields at 4.267%, reflecting market unease. The outcome may energize alternative parties ahead of May’s local elections, potentially altering voter behavior and party strategies nationwide. Political scientist John Curtice warned the result underscores a fractured electorate, with Reform and Greens siphoning support from the right and left, respectively. The "wasted vote" argument against Greens may now weaken, boosting their 2026 prospects.
AI Audio Summary
0:00 / 0:00
Click to play
634ac7ee-9589-4c49-958b-238f62ca6c02.jpeg
Quantum News · Media Library

British Prime Minister Keir Starmer suffered another blow to his leadership on Friday, after the left-wing Green Party won a special election in a seat the governing Labour party has dominated for decades.The result in Gorton and Denton, in Greater Manchester, is likely to intensify speculation about Starmer's position, who has come under pressure from the appointment of Peter Mandelson as U.S. ambassador despite his association with Jeffrey Epstein, and a series of departures from Downing Street.Green Party candidate Hannah Spencer received 14,980 votes, or 40.7% of the vote, notching the party's first-ever by-election victory.The right-wing Reform UK party finished second with 10,578 votes on 28.7%, while Labour came third with 9,364 votes on 25.4%.British government bond yields, known as gilts, were marginally lower on the news, erasing earlier gains. The 10-year gilt yield stood at 4.267% on Friday morning, while the 30-year gilt yield was last seen at 5.069%.Spencer, a 34-year-old plumber and plasterer, becomes the fifth sitting Green lawmaker in Britain's 650-seat House of Commons."Instead of working for a nice life, we're working to line the pockets of billionaires. We are being bled dry and I don't think it is extreme or radical to think working hard should get you a nice life," she said in her victory speech.Labour won the Gorton and Denton seat with almost 51% of the vote at the national general election in July 2024, when Starmer swept to power and ousted the Conservative Party after 14 years in office.In an interview with broadcasters, Starmer described the result as "very disappointing" and said he understood that voters were "frustrated" and "impatient for change."The change in fortunes for the ruling party appears to suggest that voters could be willing to look beyond the main parties of Labour and the Conservatives, or Tories, to more alternative parties such as the Greens and Reform UK in the wider local elections in May.John Curtice, a prominent political scientist and professor of politics at the U.K.'s University of Strathclyde, said the result shows the two main parties are being challenged."We are getting an unprecedented challenge by Reform, as it were from the right, stroke the more socially conservative end of Britain, challenging the Conservative party. And now, the Greens apparently now serious competitors with Labour for voters on the left and those of a more social liberal disposition," Curtice told CNBC's "Squawk Box Europe" on Friday."Historically, in Britain, we've said elections are won and lost on the center ground. That's not what is happening at the moment," he added."The Green Party will be absolutely cock-a-hoop," Damian Lyons Lowe, CEO of London-based polling company Survation, told CNBC's "Europe Early Edition" on Friday. "I think people looking forward now to the local elections, certainly this is a really, kind of, energy boost for the Green Party because the wasted vote argument that is normally the curse of the Green Party — that a vote for the Greens is just letting Reform in, for example, or the Tories in," Lowe said."Those voters will feel energized and I think the Greens will do better than they would have done otherwise in the local elections in May," he added.Got a confidential news tip? We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.© 2026 Versant Media, LLC.

All Rights Reserved. A Versant Media Company. Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Data also provided by

Read Original

Source Information

Discussion

0 professional contributions

Sign in to join this professional discussion.

Be the first to add a constructive contribution.