Larry the cat, the esteemed Chief Mouser at 10 Downing Street, has outlasted yet another prime minister as Keir Starmer announced his resignation. Starmer, who has led the Labour Party and served as Prime Minister, will remain in office until the party’s leadership election concludes, with a new leader anticipated by mid-September 2026. Larry, now 19 years old, has become a symbol of continuity amidst the frequently changing political landscape, having served under six different leaders since his adoption in 2011. His presence underscores a sense of stability during times of political upheaval.
Key Takeaways
- Starmer’s resignation suggests a significant impact on the likelihood of Wes Streeting being appointed as Chancellor of the Exchequer in 2026, with market odds reflecting a decrease in support for this scenario.
- The resignation is consistent with increased expectations of further ministerial resignations from the UK Cabinet, as political shifts often lead to broader changes.
- Larry the cat’s tenure at Downing Street continues to symbolize continuity, outlasting six prime ministers since 2011.
What to Watch
Watch for developments in the Labour Party leadership race, as nominations open on July 9, 2026. Market participants may closely monitor any announcements regarding potential candidates or shifts in party dynamics that could affect cabinet appointments. Additionally, any further resignations from the UK Cabinet in light of Starmer’s departure could influence related markets, particularly concerning the next Chancellor of the Exchequer.
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