Jim Power

So I want to move from one type of grief to another.

The UK political system is in a state of chastis once again.

Labour Party and the Tory party obviously got a total hammering last Thursday and Friday.

The Green Party did well.

Reform did exceptionally well.

Plaid Cymru did well.

And the SNP did pretty well.

But I heard a BBC commentator being asked on RT actually, well, the election actually wasn't as bad as feared for the Labour Party.

And the guy laughed and said, well, it's like saying that...

you lost three limbs instead of four.

That was his interpretation, but it was an absolute disaster.

Kurt Starmer is obviously in serious trouble at the moment.

He's hanging on.

UK bond G is the 10 year has gone up to 5.13% today.

That's the high so far.

The last time we saw levels like that was back during the financial crisis in 2008.

So it's a mess.

And the one thing that's very obvious is that although I think there's about 81 MPs, the last time I looked, want Stormer to go, but they have not united behind one candidate.

So there can't be a leadership gap.

challenge until that happens, I believe.