British Prime Minister Keir Starmer faced mounting political pressure on Wednesday following reports that Health Minister Wes Streeting is preparing to resign in a move that could trigger a leadership contest within the governing Labour Party.
The reported development overshadowed the formal opening of Parliament, where King Charles III delivered the government’s legislative agenda during the King’s Speech ceremony.
According to reports by The Times, Streeting could step down as early as Thursday in an effort to challenge Starmer’s leadership following Labour’s poor showing in last week’s local elections.
Streeting’s office did not immediately respond to requests for comment.
Financial markets reacted sharply to the reports, with British government bond futures surrendering earlier gains and the pound weakening against the euro amid growing political uncertainty.
Earlier in the day, Streeting briefly met with Starmer at 10 Downing Street, although his team declined to discuss the meeting, saying they did not want to distract attention from the King’s Speech.
Streeting later posted on X highlighting progress made in reducing waiting times within Britain’s state-run health service, writing: “Lots done, lots to do.”
Despite the political turmoil, Starmer sought to focus attention on his government’s agenda, which includes plans to boost economic growth, strengthen energy security and increase defence spending.
However, analysts say a formal challenge from Streeting could deepen divisions within Labour and potentially trigger a leadership contest if he secures the backing of at least 81 Labour lawmakers.
The speculation has also renewed focus on possible alternative contenders within the party, including Andy Burnham and former deputy prime minister Angela Rayner, although both are seen as facing obstacles to mounting a campaign.
Streeting is widely viewed as representing the party’s right wing, while Burnham and Rayner are associated with Labour’s softer left faction.
Reports have also suggested that Energy Secretary Ed Miliband could emerge as a possible candidate aligned with the party’s left.
The latest developments have intensified uncertainty around Starmer’s leadership at a critical time for the British government.