UK General Elections: Rishi Sunak resigns after his party looses, Keir Starmer appointed PM

Timeline of Transfer of Power in the UK

Jul 5, 2024 17:02 IST

Keir Starmer appointed UK Prime Minister

Keir Starmer was formally appointed UK Prime Minister after his Labour Party secured a landslide victory on Friday.

Jul 5, 2024 16:25 IST

Rishi Sunak resigns as UK PM after Labour’s landslide victory

Rishi Sunak resigned as UK Prime Minister on Friday after his party suffered a staggering loss in the polls. Sunak tendered his resignation to King Charles III.

Jul 5, 2024 15:35 IST

Rishi Sunak to meet UK King soon, resign as PM

Outgoing Prime Minister Rishi Sunak will head to Buckingham Palace soon to offer his resignation to King Charles III. Sunak’s Conservative Party lost to the Labour Party, with the latter securing 412 of the 650 seats. Labour leader Keir Starmer is poised to be the next Prime Minister.

Jul 5, 2024 15:14 IST

Rishi Sunak makes final statement before resignation

Outgoing UK PM Rishi Sunak’s final statement before formal resignation begins.

Jul 5, 2024 14:56 IST

UK Election: China says hopes to work with UK ‘on basis of mutual respect’

The Chinese Foreign Ministry said that the country looks ahead to a stable and mutually beneficial China-UK relationship, as Beijing commented on the victory of the Labour Party.

“Developing a stable and mutually beneficial China-UK relationship is in line with the fundamental interests of the two peoples, and is conducive to both sides responding to global challenges together and promoting world peace and development,” Chinese Foreign Ministry spokesperson Mao Ning said Friday.

“We hope to work with the UK to move China-UK relations forward on the right track on the basis of mutual respect and win-win cooperation,” Mao said at a daily press briefing.

Jul 5, 2024 14:49 IST

PM Modi’s message to Rishi Sunak: ‘Thank you for your admirable leadership’

Prime Minister Narendra Modi thanked outgoing UK Prime Minister Rishi Sunak for his “admirable leadership”.

“Thank you, Rishi Sunak for your admirable leadership of the UK, and your active contribution to deepen the ties between India and the UK during your term in office. Best wishes to you and your family for the future,” he wrote on X.

Jul 5, 2024 14:46 IST

PM Modi congratulates Keir Starmer on Labour Party’s massive win

Prime Minister Narendra Modi congratulated Keir Starmer, whose Labour Party marked a landslide victory in the UK election.

“Heartiest congratulations and best wishes to Keir Starmer on the remarkable victory in the UK general elections. I look forward to our positive and constructive collaboration to further strengthen the India-UK Comprehensive Strategic Partnership in all areas, fostering mutual growth and prosperity,” PM wrote on X.

Jul 5, 2024 13:27 IST

UK Election: Rishi Sunak to resign at 3 pm after making statement

Outgoing UK Prime Minister Rishi Sunak is expected to resign after making a statement in Downing Street at 3 pm (Indian time). Following the statement, he will meet King Charles to formally resign, Sunak’s office said.

UK Election Result: British stocks, bond prices rise after Labour election win

The pound and British stocks and government bonds rose on Friday after the Labour Party registered a landslide win in the UK.

According to news agency Reuters, “The bluechip FTSE 100 index rose 0.38 per cent .FTSE at the open, along with midcaps .FTMC 0.4 per cent higher. The yield on 10-year British government bonds or gilts, dropped 3 basis points to 4.17 per cent, largely in line with other European markets.

Sterling was up nearly 0.1 per cent by 0708 GMT against the dollar at $1.2777 and steady against the euro, which was at around 84.75 pence.