James Woolcock

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.

Businesses crave political stability, so it's not necessarily a surprise they are worried about the Labour Party toppling its unpopular leader.

But that does make it all the more interesting that when asked to vote on behalf of their companies at the next general election, executives were split between backing Labour and the untested Reform UK party.

The other nugget in the Bradshaw advisory poll, business leaders reflect the rest of Britain's fractured politics.

Instead of the old two-party system, five parties managed to secure at least 10% of the executives' backing.

In London, James Woolcock, Bloomberg Radio.

Britain's difficult geopolitical game has come to Parliament today.

This morning, Mike Johnson, the US Speaker of the House, is in the Commons to showcase the special relationship.

Hours later, in the same building, the Housing Secretary, Steve Reid, will announce the UK's decision on China's mega-embassy in London.

It's one of Beijing's key asks ahead of the UK Prime Minister's planned visit to China later this month.

But the two back-to-back events show the challenge Britain faces in trying to keep both superpowers on side.

Britain's difficult geopolitical game has come to Parliament today.

This morning, Mike Johnson, the US Speaker of the House, is in the Commons to showcase the special relationship.

Hours later, in the same building, the Housing Secretary Steve Reid will announce the UK's decision on China's mega-embassy in London.

It's one of Beijing's key asks ahead of the UK Prime Minister's planned visit to China later this month.