The French government has fallen after Barnier lost tonight’s confidence vote 331 to 246. He lasted 90 days as PM…
The left-wing New Popular Front and Le Pen’s National Rally joined up to oust Barnier. It’s the first time since 1962 that a French government has fallen to a no-confidence vote. The French constitution says another election can’t happen within a year of the last one – so that’s July 2025. Macron says he’ll appoint a new PM within 24 hours…
Former Treasury minister and adviser to Burnham in the Makerfield campaign Lord Jim O’Neill, who has turned down a role in his government, said Burnham’s first statement Commons was:
“The last thing investors wanted to hear… gilt yields have risen by a 0.25% in one day, which is a lot. We’ve not had that since Liz Truss days… If your country is under the focus of ‘can they come up with a sensible fiscal strategy’ on a day when the markets think ‘well no, you’re not showing any sign of it’ you’re going to have a tough day…if it stays like this your mortgage rate is going up.”