John Stepek

But yes.

I mean, not from the bond market's point of view.

It depends.

I mean, I think that people object to this because, you know, they think, oh, gosh, it's more infighting.

But at the end of the day, the country has actually given its verdict quite strongly in the local election.

And if I'm honest, I don't really have a big issue with parties changing leaders.

in the middle of the game if it is clear that the population is not happy with the way things are going.

I think that's kind of clear.

Yeah, and I don't think we need to necessarily have a general election to give them a mandate.

But yeah, so we've got streeting.

The candidates so far that we're aware of are streeting.

Possibly Angela Rayner, although she seems to be falling in behind Andy Burnham.

So basically that's it.

You get Andy Burnham, who isn't an MP, but they're all trying to find some convoluted way to let him stand.

And Streeting is regarded as being on the right of the Labour Party.

To most listeners who may have a more kind of neutral political perspective, that doesn't mean he's right wing.

It just means that he's less addicted to spending than the people on the left.

Yeah, he still believes in a decent sized state, but he's not going to sit there and go, yeah, the bond market, yeah, whatever, that can go away.

You know, he's somebody who actually understands roughly how things work.

Andy Burnham clearly keeps sort of trying to allude to a way to get around the bond market.