James Woolcock

But privately, many think...

There will be leadership challenges on the horizon.

They aren't ready yet, is what they tell us.

Economic data, though, is starting to improve in the UK, but political attention is less on the numbers and more on the dates.

A special election in two weeks and a local election in May, which are now seen as the next crisis point.

In London, James Woolcock, Bloomberg Radio.

UK politics looks fragile.

Although a recent GFK survey says many Britons are becoming more worried about the economic outlook, the political outlook is starting to drive the market narrative.

Hedge funds are taking notice of Labour plots to replace Prime Minister Keir Starmer, taking long volatility positions in sterling.

The other challenger on the horizon, Reform UK's Nigel Farage.

At Davos, he told Bloomberg he had a very different vision for growth.

Farage's big test for popularity is local elections in May, which is when many of those hedge fund volvets are set to expire.

It's become a moment of danger for the Prime Minister.

In London, James Walcock, Bloomberg Radio.

UK politics looks fragile.

Although a recent GFK survey says many Britons are becoming more worried about the economic outlook, the political outlook is starting to drive the market narrative.

Hedge funds are taking notice of Labour plots to replace Prime Minister Keir Starmer, taking long volatility positions in sterling.

The other challenger on the horizon, Reform UK's Nigel Farage.

At Davos, he told Bloomberg he had a very different vision for growth.

Farage's big test for popularity is local elections in May, which is when many of those hedge fund volvets are set to expire.