Prime Minister Keir Starmer faces mounting pressure following Labour's heavy losses in the May 7 local elections across England, Scotland, and Wales, where Reform UK made significant gains amid voter dissatisfaction with economic policies, immigration handling, and scandals. Starmer has taken responsibility but insists he will fight on, rejecting calls to quit despite plummeting approval ratings and speculation of an internal leadership challenge—which Labour rules require nominations from 20% of MPs to initiate. No opposition no-confidence vote looms imminently, given Labour's parliamentary majority until the next general election by 2029, but ongoing Cabinet tensions and Reform's surge could accelerate party infighting or prompt a snap leadership contest.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedFree‑bets analysis notes that despite the Mandelson turmoil, polling still shows Labour trailing, keeping the “out by 30 June” odds low and stable at 42%
June 30 dips to 42%1%
Free‑bets analysis notes that despite the Mandelson turmoil, polling still shows Labour trailing, keeping the “out by 30 June” odds low and stable at 42%
Conservative leader Kemi Badenoch labels Starmer’s position “untenable” and calls for his immediate resignation, briefly lifting “Yes” odds
May 15 dips to 8%3%
Conservative leader Kemi Badenoch labels Starmer’s position “untenable” and calls for his immediate resignation, briefly lifting “Yes” odds
Bank of England Governor Andrew Bailey publicly dismisses “moron‑premium” market moves but acknowledges “Damocles sword” over gilt traders as the Mandelson saga continues, keeping
December 31 dips to 67%1%
Bank of England Governor Andrew Bailey publicly dismisses “moron‑premium” market moves but acknowledges “Damocles sword” over gilt traders as the Mandelson saga continues, keeping the probability of a Starmer exit elevated
Starmer announces internal review of foreign‑office decision‑making – The promise of a review was interpreted as a concession, halting the decline and stabilising the market near
May 15 rises to 11%2%
Starmer announces internal review of foreign‑office decision‑making – The promise of a review was interpreted as a concession, halting the decline and stabilising the market near 11 %. |
Starmer announces a modest policy U‑turn on immigration, gaining a modest bump in public opinion polls and easing immediate resignation speculation
June 30 drops to 41%7%
Starmer announces a modest policy U‑turn on immigration, gaining a modest bump in public opinion polls and easing immediate resignation speculation
Starmer publicly announces a formal internal review of the Mandelson appointment, which traders interpret as a concession and pushes the
May 15 rises to 11%3%
Starmer publicly announces a formal internal review of the Mandelson appointment, which traders interpret as a concession and pushes the
BBC reports three men charged with targeting Starmer‑linked properties in north London, raising concerns over personal security and possible political fallout
December 31 plunges to 67%20%
BBC reports three men charged with targeting Starmer‑linked properties in north London, raising concerns over personal security and possible political fallout
BBC reports ongoing parliamentary inquiry into Mandelson vetting – Continued investigative scrutiny kept resignation risk elevated, nudging the
May 15 dips to 9%3%
BBC reports ongoing parliamentary inquiry into Mandelson vetting – Continued investigative scrutiny kept resignation risk elevated, nudging the
BBC News reports that no parliamentary motion or leadership challenge is scheduled for the coming week, and Starmer’s government survives a confidence‑vote, effectively ending the
BBC News reports that no parliamentary motion or leadership challenge is scheduled for the coming week, and Starmer’s government survives a confidence‑vote, effectively ending the short‑term risk of his removal
Downing Street confirms Starmer will stay Prime Minister beyond the current Parliament – The Independent reported an official Downing Street statement that Starmer will remain in
April 30 dips to 0%1%
Downing Street confirms Starmer will stay Prime Minister beyond the current Parliament – The Independent reported an official Downing Street statement that Starmer will remain in office “throughout this Parliament and beyond,” providing the final reassurance that eliminated any remaining probability of his departure before the market’s cut‑off.
iNews analysis warns Starmer is too weak to stage a reshuffle after the upcoming local elections, citing Angela Rayner’s potential challenge and the risk of backbench rebellion
May 15 dips to 8%3%
iNews analysis warns Starmer is too weak to stage a reshuffle after the upcoming local elections, citing Angela Rayner’s potential challenge and the risk of backbench rebellion
Market reaches 0 With no credible resignation news and the cumulative effect of the Mandelson scandal and Robbins dismissal, the market
April 30 dips to 0%1%
Market reaches 0 With no credible resignation news and the cumulative effect of the Mandelson scandal and Robbins dismissal, the market
Starmer survives PMQs, but MPs continue to press for his exit – A brief rebound after the fact‑check reflected lingering uncertainty despite the debunked rumor. |
May 15 rises to 12%4%
Starmer survives PMQs, but MPs continue to press for his exit – A brief rebound after the fact‑check reflected lingering uncertainty despite the debunked rumor. |
Reuters fact‑check debunks a viral claim that the Supreme Court ordered Starmer to resign, removing a false “resignation trigger” and confirming the market’s move to 0% Yes
April 30 dips to 0%1%
Reuters fact‑check debunks a viral claim that the Supreme Court ordered Starmer to resign, removing a false “resignation trigger” and confirming the market’s move to 0% Yes
Live PMQs show Starmer surviving a “bruising” Commons day as backbench pressure eases – The Guardian’s briefing noted that despite intense scrutiny, Starmer emerged unscathed from
Live PMQs show Starmer surviving a “bruising” Commons day as backbench pressure eases – The Guardian’s briefing noted that despite intense scrutiny, Starmer emerged unscathed from the session, confirming that no immediate parliamentary action would force him out.
ABC News confirms Parliament’s final vote against an inquiry into Starmer’s handling of the Mandelson appointment, cementing his survival and pushing the market’s “Yes”
April 30 dips to 0%3%
ABC News confirms Parliament’s final vote against an inquiry into Starmer’s handling of the Mandelson appointment, cementing his survival and pushing the market’s “Yes” probability to 0 %
Fact‑check: Supreme Court did not order Starmer to resign – Reuters fact‑check clarified that the UK Supreme Court has no power to force a Prime Minister’s resignation and had
April 30 dips to 1%3%
Fact‑check: Supreme Court did not order Starmer to resign – Reuters fact‑check clarified that the UK Supreme Court has no power to force a Prime Minister’s resignation and had made no such order, quashing a viral claim that could have triggered a market spike toward “Yes”.
Fact‑check: Supreme Court never ordered Starmer to resign – Disproving a viral claim removed a source of speculative panic, causing the market’s lowest point of the period. |
May 15 drops to 8%11%
Fact‑check: Supreme Court never ordered Starmer to resign – Disproving a viral claim removed a source of speculative panic, causing the market’s lowest point of the period. |
Reuters fact‑check confirms the Supreme Court never ordered Starmer to resign, debunking a viral claim that had briefly revived market optimism for a “Yes” outcome
April 30 dips to 0%1%
Reuters fact‑check confirms the Supreme Court never ordered Starmer to resign, debunking a viral claim that had briefly revived market optimism for a “Yes” outcome
UK parliament votes against launching an inquiry into Starmer’s handling of the Mandelson appointment – The decisive vote removed the immediate threat of a parliamentary probe,
April 30 drops to 0%6%
UK parliament votes against launching an inquiry into Starmer’s handling of the Mandelson appointment – The decisive vote removed the immediate threat of a parliamentary probe, sending the market’s “Yes” probability to zero and effectively ending the risk of a resignation before the market’s end date.
ITV reports the Commons vote outcome and Conservative leader Kemi Badenoch’s warning that Labour MPs will “rue the day” they blocked the referral, underscoring the political stakes
April 30 dips to 3%2%
ITV reports the Commons vote outcome and Conservative leader Kemi Badenoch’s warning that Labour MPs will “rue the day” they blocked the referral, underscoring the political stakes
Downing Street declares Starmer will remain Prime Minister beyond the current Parliament – The Standard reported an official statement that Starmer will stay in office, removing
April 30 dips to 0%1%
Downing Street declares Starmer will remain Prime Minister beyond the current Parliament – The Standard reported an official statement that Starmer will stay in office, removing any credible trigger for a resignation and pushing the market
Starmer blocks a Tory‑led attempt to refer him to the Privileges Committee over the Mandelson vetting scandal, further exposing internal fractures (no change, but reinforced
Starmer blocks a Tory‑led attempt to refer him to the Privileges Committee over the Mandelson vetting scandal, further exposing internal fractures (no change, but reinforced downward trend)
No resignation announcement; Labour MPs publicly back Starmer Following a series of cabinet‑level resignations earlier in the month, senior Labour figures reiterated their
April 30 dips to 1%1%
No resignation announcement; Labour MPs publicly back Starmer Following a series of cabinet‑level resignations earlier in the month, senior Labour figures reiterated their confidence in Starmer, leaving traders with no trigger for a “Yes” outcome
MPs vote 223 for – 335 against referring Starmer to the Privileges Committee, decisively rejecting the opposition’s bid to launch an inquiry
April 30 dips to 5%3%
MPs vote 223 for – 335 against referring Starmer to the Privileges Committee, decisively rejecting the opposition’s bid to launch an inquiry
Starmer rallies cabinet, whips and former PM Gordon Brown to shore up Labour support ahead of the Mandelson vote, describing the day as “critical” for his premiership
April 30 dips to 10%1%
Starmer rallies cabinet, whips and former PM Gordon Brown to shore up Labour support ahead of the Mandelson vote, describing the day as “critical” for his premiership
Reuters reports Parliament will vote on a possible inquiry into whether Starmer misled the Commons over the Mandelson appointment – Anticipation of a damaging inquiry briefly
April 30 jumps to 6%5%
Reuters reports Parliament will vote on a possible inquiry into whether Starmer misled the Commons over the Mandelson appointment – Anticipation of a damaging inquiry briefly revived “Yes” odds, producing the small rebound seen on April 23‑25.
Parliament schedules vote on a possible Privileges Committee inquiry into whether Starmer misled the House over Peter Mandelson’s appointment
April 30 dips to 11%2%
Parliament schedules vote on a possible Privileges Committee inquiry into whether Starmer misled the House over Peter Mandelson’s appointment
Starmer urges Labour MPs to “stick together” ahead of critical Privileges Committee vote – In a televised address, Starmer called for unity as the standards investigation loomed,
Starmer urges Labour MPs to “stick together” ahead of critical Privileges Committee vote – In a televised address, Starmer called for unity as the standards investigation loomed, reinforcing party cohesion and dampening speculation of a resignation.
Cabinet ministers publicly rally around Starmer after the resignation of Downing‑Street chief of staff Morgan McSweeney, temporarily boosting confidence
June 30 rises to 47%2%
Cabinet ministers publicly rally around Starmer after the resignation of Downing‑Street chief of staff Morgan McSweeney, temporarily boosting confidence
Starmer repeats that “vast majority” of Labour MPs want him to stay on as prime minister in a Metro interview – The repeated claim of strong party support further eroded “Yes”
April 30 dips to 1%2%
Starmer repeats that “vast majority” of Labour MPs want him to stay on as prime minister in a Metro interview – The repeated claim of strong party support further eroded “Yes” sentiment, pushing the
Starmer begins three‑day strategic visit to China While intended to boost trade, the trip was framed by media as a distraction from the domestic crisis, and no new
April 30 dips to 2%2%
Starmer begins three‑day strategic visit to China While intended to boost trade, the trip was framed by media as a distraction from the domestic crisis, and no new leadership‑change narrative emerged, reinforcing market belief that Starmer would stay in office
Prime Minister Starmer delivers a televised address defending his record and denying any wrongdoing, which steadies the market after a prior decline 【10†L1-L4]
June 30 jumps to 48%8%
Prime Minister Starmer delivers a televised address defending his record and denying any wrongdoing, which steadies the market after a prior decline 【10†L1-L4]
Starmer survives Commons vote on Privileges Committee referral despite 15 Labour rebels voting against him – Labour MPs defied a three‑line whip and voted to refer Starmer to the
April 30 dips to 1%4%
Starmer survives Commons vote on Privileges Committee referral despite 15 Labour rebels voting against him – Labour MPs defied a three‑line whip and voted to refer Starmer to the Privileges Committee, but Downing Street’s heavy whipping forced the motion down, signalling that the government could still block an inquiry and keep Starmer in post.
Daily Mail reports that Starmer has told allies he does not want a reshuffle, despite pressure from his political director and chief whip, suggesting the cabinet shake‑up may be
May 15 drops to 18%7%
Daily Mail reports that Starmer has told allies he does not want a reshuffle, despite pressure from his political director and chief whip, suggesting the cabinet shake‑up may be postponed
Guardian reports that Labour MP Jonathan Brash publicly calls for Starmer’s resignation, adding fresh pressure from within the party and pushing odds toward zero
April 30 dips to 1%1%
Guardian reports that Labour MP Jonathan Brash publicly calls for Starmer’s resignation, adding fresh pressure from within the party and pushing odds toward zero
SNP leader Stephen Flynn urges a no‑confidence vote on Starmer – The prospect of a formal parliamentary challenge revived resignation odds, driving the
May 15 drops to 19%8%
SNP leader Stephen Flynn urges a no‑confidence vote on Starmer – The prospect of a formal parliamentary challenge revived resignation odds, driving the
The Telegraph (via i Paper) reveals “live discussions” in the Cabinet about when to tell Starmer to quit, but the talks remain private and no public demand is made, dampening
The Telegraph (via i Paper) reveals “live discussions” in the Cabinet about when to tell Starmer to quit, but the talks remain private and no public demand is made, dampening speculation
Anas Sarwar renews his resignation demand in a televised interview, citing “irreconcilable differences” with Starmer over the Mandelson case
December 31 surges to 68%16%
Anas Sarwar renews his resignation demand in a televised interview, citing “irreconcilable differences” with Starmer over the Mandelson case
Starmer survives a Labour rebellion over a proposed parliamentary inquiry into Peter Mandelson’s appointment, but the vote shows his dwindling political capital
May 15 drops to 25%5%
Starmer survives a Labour rebellion over a proposed parliamentary inquiry into Peter Mandelson’s appointment, but the vote shows his dwindling political capital
Starmer defies resignation calls in Parliament, claims allegations “put to bed” – His refusal to step down softened the market’s bearish momentum, producing a modest decline. |
May 15 dips to 27%4%
Starmer defies resignation calls in Parliament, claims allegations “put to bed” – His refusal to step down softened the market’s bearish momentum, producing a modest decline. |
Labour MP Jonathan Brash publicly calls for Starmer’s resignation – A rare intra‑party call heightened the perception of internal collapse, lifting the “Yes” probability to its
May 15 rises to 31%3%
Labour MP Jonathan Brash publicly calls for Starmer’s resignation – A rare intra‑party call heightened the perception of internal collapse, lifting the “Yes” probability to its April peak. |
Starmer sacks Foreign Office permanent secretary Sir Olly Robbins amid Mandelson vetting row The Prime Minister removed Robbins after it emerged the Foreign Office had over‑ruled
April 30 dips to 4%3%
Starmer sacks Foreign Office permanent secretary Sir Olly Robbins amid Mandelson vetting row The Prime Minister removed Robbins after it emerged the Foreign Office had over‑ruled the security‑vetting denial on Mandelson, intensifying the perception that Starmer’s government was mis‑managing senior appointments
Guardian live‑blog reports that SNP chief whip Kirsty Blackman cites a Daily Mail leak that Starmer may fire Chancellor Rachel Reeves, fueling rumours of a major shake‑up
May 15 drops to 30%5%
Guardian live‑blog reports that SNP chief whip Kirsty Blackman cites a Daily Mail leak that Starmer may fire Chancellor Rachel Reeves, fueling rumours of a major shake‑up
Labour MP Jonathan Brash publicly calls for Starmer’s resignation, prompting media focus on internal dissent – The fresh leadership‑challenge rumour caused a modest dip as traders
April 30 dips to 3%3%
Labour MP Jonathan Brash publicly calls for Starmer’s resignation, prompting media focus on internal dissent – The fresh leadership‑challenge rumour caused a modest dip as traders
Conservative leader Kemi Badenoch labels Starmer’s position “untenable” following new evidence of secret diplomatic appointments, pushing the
June 30 drops to 40%12%
Conservative leader Kemi Badenoch labels Starmer’s position “untenable” following new evidence of secret diplomatic appointments, pushing the
Labour MP publicly calls for Starmer’s resignation, but party leadership backs him – The Guardian live‑blog noted a backbench MP urging Starmer to quit, yet highlighted that the
April 30 dips to 4%3%
Labour MP publicly calls for Starmer’s resignation, but party leadership backs him – The Guardian live‑blog noted a backbench MP urging Starmer to quit, yet highlighted that the majority of Labour MPs and senior ministers continued to publicly support him, signalling no coordinated move to remove him.
Starmer survives a Commons grilling on the Mandelson dossier, claiming he only learned of the clearance “last Tuesday,” which temporarily steadies market sentiment
June 30 dips to 43%3%
Starmer survives a Commons grilling on the Mandelson dossier, claiming he only learned of the clearance “last Tuesday,” which temporarily steadies market sentiment
Labour MPs publicly demand the sacking of Ed Miliband ahead of a rumored reshuffle, intensifying speculation that Starmer will overhaul his cabinet after the local elections
May 15 jumps to 35%12%
Labour MPs publicly demand the sacking of Ed Miliband ahead of a rumored reshuffle, intensifying speculation that Starmer will overhaul his cabinet after the local elections
Starmer sacks Foreign Office permanent secretary Sir Olly Robbins after Robbins’ testimony, a decisive move that spikes the market to 43% Yes
June 30 surges to 43%17%
Starmer sacks Foreign Office permanent secretary Sir Olly Robbins after Robbins’ testimony, a decisive move that spikes the market to 43% Yes
Time magazine publishes a feature outlining why Starmer is “facing growing calls to resign” after the Mandelson‑Epstein revelations, causing the market to dip again
June 30 drops to 42%9%
Time magazine publishes a feature outlining why Starmer is “facing growing calls to resign” after the Mandelson‑Epstein revelations, causing the market to dip again
Time article details how the Mandelson security‑vetting failure was revealed last week and how Starmer’s “staggering” ignorance of the issue fuels calls for his resignation,
April 30 dips to 2%4%
Time article details how the Mandelson security‑vetting failure was revealed last week and how Starmer’s “staggering” ignorance of the issue fuels calls for his resignation, sending the market sharply lower again
Starmer tells the Sunday Times the “vast majority” of Labour MPs still back him despite the Mandelson row – His public reassurance dampened speculation, pulling the
April 30 dips to 6%2%
Starmer tells the Sunday Times the “vast majority” of Labour MPs still back him despite the Mandelson row – His public reassurance dampened speculation, pulling the
Time magazine analysis highlights growing calls for Starmer to quit after new evidence of Mandelson’s undisclosed ties to Epstein emerges
December 31 dips to 68%3%
Time magazine analysis highlights growing calls for Starmer to quit after new evidence of Mandelson’s undisclosed ties to Epstein emerges
Time‑magazine analysis links the Mandelson vetting scandal to a “growing crisis” and predicts Starmer’s tenure may end before June 2026, causing a modest
June 30 plunges to 42%25%
Time‑magazine analysis links the Mandelson vetting scandal to a “growing crisis” and predicts Starmer’s tenure may end before June 2026, causing a modest
Time (2026) revisits the Mandelson scandal, noting “mounting calls for Starmer to resign” and a fresh wave of ministerial departures, lifting market confidence that a resignation
December 31 rises to 70%2%
Time (2026) revisits the Mandelson scandal, noting “mounting calls for Starmer to resign” and a fresh wave of ministerial departures, lifting market confidence that a resignation is imminent
Opposition leader Kemi Badenoch declares Starmer’s position “untenable” – Badenoch’s televised demand for resignation added partisan pressure, pushing the market back up as
May 15 rises to 28%4%
Opposition leader Kemi Badenoch declares Starmer’s position “untenable” – Badenoch’s televised demand for resignation added partisan pressure, pushing the market back up as traders reassessed the likelihood of a formal ouster. |
Starmer blames Foreign Office, says he exercised “wrong judgement” on Mandelson appointment – By shifting blame to civil servants, Starmer attempted damage control, momentarily
May 15 rises to 24%2%
Starmer blames Foreign Office, says he exercised “wrong judgement” on Mandelson appointment – By shifting blame to civil servants, Starmer attempted damage control, momentarily stabilising the
Starmer’s inner team split over whether to launch a post‑election reshuffle, with chief of staff Vidhya Alakeson and cabinet secretary Darren Jones urging a pause while political
May 15 dips to 23%2%
Starmer’s inner team split over whether to launch a post‑election reshuffle, with chief of staff Vidhya Alakeson and cabinet secretary Darren Jones urging a pause while political director Amy Richards and chief whip Johnny Reynolds push for it
Starmer’s government announces a new “national security” bill tightening protest‑policing powers, reigniting protests and opposition criticism (derived from the +19‑point swing on
December 31 surges to 87%19%
Starmer’s government announces a new “national security” bill tightening protest‑policing powers, reigniting protests and opposition criticism (derived from the +19‑point swing on Apr 14‑17)
Starmer rejects resignation rumours amid Mandelson vetting row – Reuters reported the Prime Minister’s spokesperson saying Starmer had “no plans to resign” after new details about
April 30 dips to 7%2%
Starmer rejects resignation rumours amid Mandelson vetting row – Reuters reported the Prime Minister’s spokesperson saying Starmer had “no plans to resign” after new details about Peter Mandelson’s failed security vetting emerged, dampening speculation of an imminent exit.
Ipsos poll shows 50 % of Britons think Starmer should resign, up from earlier weeks – The surge in public calls for his departure lifted “Yes” odds after the poll was released,
April 30 jumps to 8%7%
Ipsos poll shows 50 % of Britons think Starmer should resign, up from earlier weeks – The surge in public calls for his departure lifted “Yes” odds after the poll was released, reflecting heightened perceived risk of a resignation announcement.
BBC News notes that opposition leaders, including Kemi Badenoch, call Starmer’s position “untenable” over the Mandelson vetting, yet Starmer refuses to step down and no
BBC News notes that opposition leaders, including Kemi Badenoch, call Starmer’s position “untenable” over the Mandelson vetting, yet Starmer refuses to step down and no no‑confidence motion is tabled
Telegraph (via security‑blocked page) publishes a story on mounting pressure on Starmer over the Mandelson scandal, sparking a brief rally as traders reassess the likelihood of an
April 30 rises to 6%4%
Telegraph (via security‑blocked page) publishes a story on mounting pressure on Starmer over the Mandelson scandal, sparking a brief rally as traders reassess the likelihood of an immediate ouster
Starmer sacked Foreign Office chief Sir Olly Robbins amid Mandelson vetting row – The dismissal signalled a serious breach of ministerial protocol, intensifying calls for
May 15 dips to 22%3%
Starmer sacked Foreign Office chief Sir Olly Robbins amid Mandelson vetting row – The dismissal signalled a serious breach of ministerial protocol, intensifying calls for Starmer’s resignation and triggering the first sharp drop in the market. |
Mandelson security‑vetting scandal erupts, prompting calls for Starmer’s resignation Reports revealed that Peter Mandelson had failed UK security vetting as early as January 2025,
April 30 drops to 2%10%
Mandelson security‑vetting scandal erupts, prompting calls for Starmer’s resignation Reports revealed that Peter Mandelson had failed UK security vetting as early as January 2025, contradicting Starmer’s earlier Commons statements and sparking intense pressure from opposition parties and Labour backbenchers
Starmer dismisses Sir Olly Robbins after a Commons hearing on the Mandelson vetting, a high‑profile firing that briefly restores confidence and pushes the
June 30 surges to 47%20%
Starmer dismisses Sir Olly Robbins after a Commons hearing on the Mandelson vetting, a high‑profile firing that briefly restores confidence and pushes the
Guardian report: Starmer announces a high‑stakes statement to MPs over the Mandelson scandal, admitting “uncertainty” about his political future
December 31 surges to 68%19%
Guardian report: Starmer announces a high‑stakes statement to MPs over the Mandelson scandal, admitting “uncertainty” about his political future
Opposition leader Kemi Badenoch demands Starmer’s resignation after the Robbins dismissal, intensifying political pressure and driving the market down to a low of 16 % Yes
June 30 plunges to 16%31%
Opposition leader Kemi Badenoch demands Starmer’s resignation after the Robbins dismissal, intensifying political pressure and driving the market down to a low of 16 % Yes
Starmer reveals for the first time (April 14) that the security‑vetting office had recommended denying Mandelson clearance on 29 January 2025, reigniting media scrutiny and
June 30 drops to 45%9%
Starmer reveals for the first time (April 14) that the security‑vetting office had recommended denying Mandelson clearance on 29 January 2025, reigniting media scrutiny and causing the
Starmer reveals the exact date (Jan 29 2025) the security vetting was denied and that he only learned of it on April 14 2025, calming the market which falls to 45% Yes
June 30 surges to 45%19%
Starmer reveals the exact date (Jan 29 2025) the security vetting was denied and that he only learned of it on April 14 2025, calming the market which falls to 45% Yes
Labour’s internal poll shows Starmer’s approval at a historic low of 18%, the worst among modern UK PMs, fueling speculation of a leadership challenge
December 31 drops to 65%6%
Labour’s internal poll shows Starmer’s approval at a historic low of 18%, the worst among modern UK PMs, fueling speculation of a leadership challenge
BBC notes Unite union leader predicts Starmer will resign or be forced out in May, heightening resignation expectations and driving the
April 30 dips to 5%4%
BBC notes Unite union leader predicts Starmer will resign or be forced out in May, heightening resignation expectations and driving the
Guardian reports that a new tranche of Mandelson WhatsApp messages is set to be released, prompting analysts to warn of further resignations and pushing the market down to
April 30 dips to 9%3%
Guardian reports that a new tranche of Mandelson WhatsApp messages is set to be released, prompting analysts to warn of further resignations and pushing the market down to single‑digit odds
Guardian reports that the next tranche of Peter Mandelson WhatsApp messages will be published, but sources say the files are unlikely to trigger further resignations
April 30 rises to 13%1%
Guardian reports that the next tranche of Peter Mandelson WhatsApp messages will be published, but sources say the files are unlikely to trigger further resignations
Prime Minister Starmer delivers a televised address defending his record and pledging “never walk away,” temporarily calming markets
December 31 rises to 71%3%
Prime Minister Starmer delivers a televised address defending his record and pledging “never walk away,” temporarily calming markets
Morning‑star analysis notes that gilt yields jumped on “leadership‑uncertainty” fears following the Mandelson revelations, reinforcing market belief Starmer could be ousted
Morning‑star analysis notes that gilt yields jumped on “leadership‑uncertainty” fears following the Mandelson revelations, reinforcing market belief Starmer could be ousted (stabilisation at a high level)
NBC News highlights renewed pressure from opposition leaders (Lib Dems, Tories) after Starmer admits he was “absolutely furious” about being kept out of the Mandelson vetting loop
December 31 dips to 68%3%
NBC News highlights renewed pressure from opposition leaders (Lib Dems, Tories) after Starmer admits he was “absolutely furious” about being kept out of the Mandelson vetting loop
BBC reports that the independent adviser on ministerial standards has opened a formal investigation into Starmer’s handling of the Mandelson vetting, reviving resignation pressure
December 31 rises to 68%3%
BBC reports that the independent adviser on ministerial standards has opened a formal investigation into Starmer’s handling of the Mandelson vetting, reviving resignation pressure
Starmer publicly defends Mandelson’s appointment and refuses to step down, causing a rapid sell‑off in the market as resignation odds spike
June 30 plunges to 44%18%
Starmer publicly defends Mandelson’s appointment and refuses to step down, causing a rapid sell‑off in the market as resignation odds spike
Parliamentary committee summons former chief of staff Sir Olly Robbins to testify on pressure to approve Mandelson, intensifying scrutiny and pushing the market up to 51% Yes
June 30 jumps to 51%6%
Parliamentary committee summons former chief of staff Sir Olly Robbins to testify on pressure to approve Mandelson, intensifying scrutiny and pushing the market up to 51% Yes
Financial Times reports former Downing Street chief Morgan McSweeney describes the Mandelson‑Epstein revelations as “a knife through my soul”, intensifying pressure on Starmer
June 30 rises to 48%4%
Financial Times reports former Downing Street chief Morgan McSweeney describes the Mandelson‑Epstein revelations as “a knife through my soul”, intensifying pressure on Starmer
Starmer publicly apologises for the Mandelson vetting failure and sacks Foreign Office permanent secretary Sir Olly Robbins, a decisive move that spikes the market to 54 % Yes
Starmer publicly apologises for the Mandelson vetting failure and sacks Foreign Office permanent secretary Sir Olly Robbins, a decisive move that spikes the market to 54 % Yes
Starmer tells MPs he is “not prepared to walk away” after a wave of resignations (including senior adviser Morgan McSweeney) and renewed calls from opposition leaders
June 30 surges to 67%23%
Starmer tells MPs he is “not prepared to walk away” after a wave of resignations (including senior adviser Morgan McSweeney) and renewed calls from opposition leaders
Polymarket odds spike to 82% after a Bloomberg‑style expose links Mandelson’s vetting failures to potential national‑security breaches
December 31 jumps to 82%13%
Polymarket odds spike to 82% after a Bloomberg‑style expose links Mandelson’s vetting failures to potential national‑security breaches
Starmer publicly refuses to “walk away” after Scottish Labour leader Anas Sarwar calls for his resignation; senior advisers (McSweeney, Wormald) announce departures
June 30 jumps to 41%6%
Continued leadership pressure but Starmer’s defiant stance kept the market hovering around the current 41 % level.
Communications director Tim Allan quits; Scottish Labour leader Anas Sarwar calls for Starmer’s resignation
May 15 dips to 23%2%
Allan’s exit the next day compounded the staff‑crisis narrative, while Sarwar’s public demand for Starmer to step down added parliamentary pressure, further nudging the market lower.
| BBC reports that senior civil servant Sir Chris Wormald is expected to resign, adding to the perception of a collapsing administration |
June 30 rises to 49%4%
| BBC reports that senior civil servant Sir Chris Wormald is expected to resign, adding to the perception of a collapsing administration |
Chief of Staff Morgan McSweeney resigns, citing “full responsibility” for the Mandelson appointment, marking the first senior exit in the crisis
June 30 rises to 44%1%
Chief of Staff Morgan McSweeney resigns, citing “full responsibility” for the Mandelson appointment, marking the first senior exit in the crisis
Scottish Labour leader Anas Sarwar holds a press conference demanding Starmer’s resignation, prompting a televised rebuttal in which Starmer says he is “not prepared to walk away”
June 30 jumps to 51%14%
Scottish Labour leader Anas Sarwar holds a press conference demanding Starmer’s resignation, prompting a televised rebuttal in which Starmer says he is “not prepared to walk away”
Communications director Tim Allan quits 24 hours later, adding a second high‑profile resignation and prompting speculation of a broader cabinet shake‑up
June 30 jumps to 51%7%
Communications director Tim Allan quits 24 hours later, adding a second high‑profile resignation and prompting speculation of a broader cabinet shake‑up
Peter Mandelson’s past security‑vetting failure and links to Jeffrey Epstein are revealed, igniting a leadership‑crisis narrative and sending gilt yields sharply higher
June 30 surges to 62%28%
Peter Mandelson’s past security‑vetting failure and links to Jeffrey Epstein are revealed, igniting a leadership‑crisis narrative and sending gilt yields sharply higher
Chief of staff Morgan McSweeney resigns amid Mandelson scandal
May 15 drops to 25%13%
McSweeney’s departure was reported as the first senior staff loss after the revelation that Peter Mandelson had failed security vetting, signalling internal turmoil and prompting an immediate drop in the “Starmer out” probability.
Starmer announces a cabinet reshuffle, replacing the head of communications and promising a “managed process” for the Mandelson inquiry, pushing the market back up
June 30 surges to 50%22%
Starmer announces a cabinet reshuffle, replacing the head of communications and promising a “managed process” for the Mandelson inquiry, pushing the market back up
Starmer admits he was “staggered” to learn Mandelson failed security vetting and says he would “walk away” if forced to resign, reigniting speculation and lifting the market to
Starmer admits he was “staggered” to learn Mandelson failed security vetting and says he would “walk away” if forced to resign, reigniting speculation and lifting the market to 43% Yes
BBC reports that Peter Mandelson repeatedly lied about his relationship with Jeffrey Epstein, prompting calls from senior Labour figures for an immediate inquiry
December 31 jumps to 69%7%
BBC reports that Peter Mandelson repeatedly lied about his relationship with Jeffrey Epstein, prompting calls from senior Labour figures for an immediate inquiry
| Peter Mandelson is dismissed as US ambassador after emails linking him to Jeffrey Epstein are published | The removal of the scandal‑central figure revived doubts about
December 31 jumps to 66%8%
| Peter Mandelson is dismissed as US ambassador after emails linking him to Jeffrey Epstein are published | The removal of the scandal‑central figure revived doubts about Starmer’s judgment, sending the
Kemi Badenoch repeats that Starmer’s position is “untenable” in a televised interview, reigniting opposition calls and causing a sharp
June 30 rises to 43%2%
Kemi Badenoch repeats that Starmer’s position is “untenable” in a televised interview, reigniting opposition calls and causing a sharp
Chief of staff Morgan McSweeney resigns over the Mandelson appointment, the first senior aide to quit in the crisis, sending the market sharply up to 43 % Yes
June 30 surges to 43%15%
Chief of staff Morgan McSweeney resigns over the Mandelson appointment, the first senior aide to quit in the crisis, sending the market sharply up to 43 % Yes
Starmer defies calls to resign at a Downing Street press briefing, but acknowledges “Damocles sword” over gilt markets
December 31 surges to 71%16%
His refusal to step down, coupled with analysts warning of bond‑market volatility, signalled that the crisis was far from resolved, spurring a large
| Scottish Labour leader Anas Sarwar holds a press conference calling for Starmer to quit, citing “appalling vacuum of leadership” | While a regional leader’s call added noise,
December 31 dips to 58%4%
| Scottish Labour leader Anas Sarwar holds a press conference calling for Starmer to quit, citing “appalling vacuum of leadership” | While a regional leader’s call added noise, the market briefly retreated as the story lost momentum. |
Prime Minister Starmer survives a parliamentary no‑confidence vote after a last‑minute pledge of support from senior ministers, briefly lifting the
June 30 drops to 28%8%
Prime Minister Starmer survives a parliamentary no‑confidence vote after a last‑minute pledge of support from senior ministers, briefly lifting the
UK‑US phone call: Starmer warns Donald Trump that Iran’s Strait of Hormuz actions could have “severe consequences” for the global economy
December 31 rises to 50%3%
UK‑US phone call: Starmer warns Donald Trump that Iran’s Strait of Hormuz actions could have “severe consequences” for the global economy
| Parliamentary Liaison Committee hearing reveals that Starmer misled MPs about Mandelson’s security clearance, with opposition demanding his resignation “by end of day” | Direct
December 31 rises to 62%3%
| Parliamentary Liaison Committee hearing reveals that Starmer misled MPs about Mandelson’s security clearance, with opposition demanding his resignation “by end of day” | Direct accusation of misleading Parliament intensified resignation pressure, lifting the
BBC’s “Why 2026 is Starmer’s make‑or‑break year” article highlights that speculation about his future dominates political conversation, cementing the market’s elevated level
December 31 dips to 69%1%
BBC’s “Why 2026 is Starmer’s make‑or‑break year” article highlights that speculation about his future dominates political conversation, cementing the market’s elevated level
Guardian breaks story that Starmer’s chief of staff Morgan McSweeney was summoned before the Foreign Affairs Select Committee, sparking fresh speculation of a leadership challenge
December 31 drops to 56%11%
Guardian breaks story that Starmer’s chief of staff Morgan McSweeney was summoned before the Foreign Affairs Select Committee, sparking fresh speculation of a leadership challenge
| BBC reports that Starmer’s approval rating has fallen to –46% in November, the lowest since his election, amid ongoing scandals | Deteriorating public support reinforced market
December 31 rises to 59%3%
| BBC reports that Starmer’s approval rating has fallen to –46% in November, the lowest since his election, amid ongoing scandals | Deteriorating public support reinforced market belief that Starmer’s tenure was untenable. |
BBC reports that Peter Mandelson failed the UK security‑vetting process in January 2025, a revelation that reignites the scandal and pushes the market down to 34 % Yes
June 30 dips to 34%2%
BBC reports that Peter Mandelson failed the UK security‑vetting process in January 2025, a revelation that reignites the scandal and pushes the market down to 34 % Yes
Starmer condemns “globalise the intifada” chant as extreme racism, prompting a police crackdown and heightened tension with protestors
December 31 surges to 74%18%
Starmer condemns “globalise the intifada” chant as extreme racism, prompting a police crackdown and heightened tension with protestors
Prime Minister Starmer announces a cabinet reshuffle, replacing several ministers who had resigned over the scandal, which pulls the “Yes”
June 30 jumps to 39%7%
Prime Minister Starmer announces a cabinet reshuffle, replacing several ministers who had resigned over the scandal, which pulls the “Yes”
BBC interview: Starmer says some protests should be stopped and “dangerous” chants prosecuted, sparking criticism from civil‑rights groups
December 31 surges to 64%15%
BBC interview: Starmer says some protests should be stopped and “dangerous” chants prosecuted, sparking criticism from civil‑rights groups
UK government announces a full‑scale release of all documents related to Peter Mandelson’s US‑ambassador appointment, citing cross‑party security committee oversight
December 31 jumps to 55%6%
UK government announces a full‑scale release of all documents related to Peter Mandelson’s US‑ambassador appointment, citing cross‑party security committee oversight
Mark Francois (Conservative MP) declares Starmer’s resignation the “only way” to end the Mandelson scandal, intensifying pressure on the PM
June 30 plunges to 37%36%
Mark Francois (Conservative MP) declares Starmer’s resignation the “only way” to end the Mandelson scandal, intensifying pressure on the PM
Cabinet minister Morgan McSweeney resigns, citing responsibility for the Mandelson appointment, further eroding confidence in Starmer’s leadership
June 30 plunges to 36%15%
Cabinet minister Morgan McSweeney resigns, citing responsibility for the Mandelson appointment, further eroding confidence in Starmer’s leadership
BBC reports that several senior Labour ministers (including Energy Secretary Ed Miliband) publicly distance themselves from the Mandelson appointment, easing internal party
June 30 rises to 37%4%
BBC reports that several senior Labour ministers (including Energy Secretary Ed Miliband) publicly distance themselves from the Mandelson appointment, easing internal party tension and nudging the
Labour suffers a bruising loss in the North‑East by‑election, pushing Starmer’s approval to a historic low and prompting senior MPs to demand his resignation
June 30 drops to 38%6%
Labour suffers a bruising loss in the North‑East by‑election, pushing Starmer’s approval to a historic low and prompting senior MPs to demand his resignation
Starmer’s approval rating hits a historic low (‑46%) as the Mandelson controversy dominates headlines, pushing the market to its highest “Yes” level
June 30 surges to 73%38%
Starmer’s approval rating hits a historic low (‑46%) as the Mandelson controversy dominates headlines, pushing the market to its highest “Yes” level
Starmer’s internal review of Peter Mandelson’s security vetting sparks calls for his resignation
December 31 jumps to 57%7%
The review revealed possible mis‑representations about Mandelson’s background, prompting opposition MPs and Labour back‑benchers to demand Starmer step down, pushing the market up sharply.
Starmer faces a rebellion as 56 Labour MPs defy a three‑line whip on a Gaza cease‑fire motion, the largest dissent since his premiership
December 31 surges to 59%15%
Starmer faces a rebellion as 56 Labour MPs defy a three‑line whip on a Gaza cease‑fire motion, the largest dissent since his premiership
Lord Mandelson is dismissed as ambassador after emails linking him to Jeffrey Epstein are published, temporarily easing pressure on Starmer
June 30 dips to 32%2%
Lord Mandelson is dismissed as ambassador after emails linking him to Jeffrey Epstein are published, temporarily easing pressure on Starmer
BBC reports backbench MPs begin drafting an open letter demanding Starmer’s resignation after local elections, pushing odds above 70 %
December 31 rises to 71%1%
BBC reports backbench MPs begin drafting an open letter demanding Starmer’s resignation after local elections, pushing odds above 70 %
Parliamentary committee summons Starmer and senior officials for a 48‑hour hearing on the Mandelson vetting scandal, intensifying pressure
June 30 plunges to 33%15%
Parliamentary committee summons Starmer and senior officials for a 48‑hour hearing on the Mandelson vetting scandal, intensifying pressure
Labour MP Stephen Flynn (SNP) labels the Mandelson evidence “devastating and definitive,” urging Starmer to quit “by the end of the day,” which briefly lifts the “Yes”
June 30 jumps to 38%5%
Labour MP Stephen Flynn (SNP) labels the Mandelson evidence “devastating and definitive,” urging Starmer to quit “by the end of the day,” which briefly lifts the “Yes”
Starmer survives a “moment of peril” after senior ministers rally round him in a cabinet meeting, temporarily calming the market and nudging the
June 30 jumps to 46%8%
Starmer survives a “moment of peril” after senior ministers rally round him in a cabinet meeting, temporarily calming the market and nudging the
Starmer announces a “reset” reshuffle, moving half the cabinet and appointing new chief secretary Darren Jones, which temporarily calmed internal dissent
June 30 jumps to 44%9%
Starmer announces a “reset” reshuffle, moving half the cabinet and appointing new chief secretary Darren Jones, which temporarily calmed internal dissent
Conservative leader Kemi Badenoch publicly declares Starmer’s premiership “untenable”, pushing the market to a short‑term high as opposition rallies
June 30 jumps to 46%6%
Conservative leader Kemi Badenoch publicly declares Starmer’s premiership “untenable”, pushing the market to a short‑term high as opposition rallies
Starmer’s office releases a leaked WhatsApp exchange suggesting No 10 knew of security‑vetting concerns on Mandelson months earlier, sparking calls for accountability
June 30 jumps to 48%5%
Starmer’s office releases a leaked WhatsApp exchange suggesting No 10 knew of security‑vetting concerns on Mandelson months earlier, sparking calls for accountability
Scottish Labour leader Anas Sarwar publicly calls for Starmer to quit amid the Mandelson fallout, reviving resignation rumours and lifting the market to 38 % Yes
June 30 jumps to 38%5%
Scottish Labour leader Anas Sarwar publicly calls for Starmer to quit amid the Mandelson fallout, reviving resignation rumours and lifting the market to 38 % Yes
Deputy Prime Minister Angela Rayner resigns after a stamp‑duty scandal, prompting fresh criticism of Starmer’s judgment and a further slide to 35 % Yes
Deputy Prime Minister Angela Rayner resigns after a stamp‑duty scandal, prompting fresh criticism of Starmer’s judgment and a further slide to 35 % Yes
Starmer dismisses Peter Mandelson as UK ambassador after the Epstein‑related vetting scandal erupts, prompting opposition leaders to demand a no‑confidence vote and sending the
June 30 jumps to 34%8%
Starmer dismisses Peter Mandelson as UK ambassador after the Epstein‑related vetting scandal erupts, prompting opposition leaders to demand a no‑confidence vote and sending the market up to 34% Yes
Poll shows 59 % of Labour voters say Starmer’s government is “as sleazy as the previous Tory administration” – a sharp rise in public cynicism that helped push the market down to
June 30 plunges to 35%16%
Poll shows 59 % of Labour voters say Starmer’s government is “as sleazy as the previous Tory administration” – a sharp rise in public cynicism that helped push the market down to 35 % Yes
Former senior civil servant Olly Robbins testifies that No 10 pressured the Foreign Office to approve Mandelson despite security‑vetting warnings, sparking a wave of resignations
June 30 drops to 33%10%
Former senior civil servant Olly Robbins testifies that No 10 pressured the Foreign Office to approve Mandelson despite security‑vetting warnings, sparking a wave of resignations and a sharp drop in confidence
Former Foreign Office chief Olly Robbins testifies that No 10 pressured the department to approve Mandelson despite security warnings, intensifying calls for a no‑confidence vote
June 30 dips to 40%3%
Former Foreign Office chief Olly Robbins testifies that No 10 pressured the department to approve Mandelson despite security warnings, intensifying calls for a no‑confidence vote
Conservative leader Kemi Badenoch tables a parliamentary debate calling Starmer’s position “untenable” after the Mandelson vetting revelations, intensifying calls for a
June 30 jumps to 43%8%
Conservative leader Kemi Badenoch tables a parliamentary debate calling Starmer’s position “untenable” after the Mandelson vetting revelations, intensifying calls for a no‑confidence vote
Kemi Badenoch tables a parliamentary debate calling Starmer’s position “untenable” after the Mandelson vetting story breaks, sparking a wave of resignations in No 10
June 30 jumps to 43%8%
Kemi Badenoch tables a parliamentary debate calling Starmer’s position “untenable” after the Mandelson vetting story breaks, sparking a wave of resignations in No 10
Angela Rayner resigns as Deputy Prime Minister after an independent tax‑affairs investigation, triggering a major cabinet reshuffle and sparking calls for Starmer’s ouster
June 30 plunges to 35%16%
Angela Rayner resigns as Deputy Prime Minister after an independent tax‑affairs investigation, triggering a major cabinet reshuffle and sparking calls for Starmer’s ouster
Starmer claims “full due process” for Peter Mandelson’s US ambassadorship during PMQs, prompting opposition MPs to demand his resignation
June 30 plunges to 35%16%
Starmer claims “full due process” for Peter Mandelson’s US ambassadorship during PMQs, prompting opposition MPs to demand his resignation
Deputy Prime Minister Angela Rayner resigns amid growing “civil war” in Labour, triggering a reshuffle and fresh speculation on Starmer’s stability
June 30 surges to 45%22%
Deputy Prime Minister Angela Rayner resigns amid growing “civil war” in Labour, triggering a reshuffle and fresh speculation on Starmer’s stability
Starmer tells MPs at PMQs that “full due process” was followed for Mandelson’s appointment, a claim later contradicted by leaked documents, sparking a surge in “Yes” odds
June 30 surges to 73%40%
Starmer tells MPs at PMQs that “full due process” was followed for Mandelson’s appointment, a claim later contradicted by leaked documents, sparking a surge in “Yes” odds
Starmer claims “full due process” was followed for Peter Mandelson’s US‑ambassador appointment during Prime Minister’s Questions, prompting opposition MPs to demand his resignation
June 30 plunges to 35%16%
Starmer claims “full due process” was followed for Peter Mandelson’s US‑ambassador appointment during Prime Minister’s Questions, prompting opposition MPs to demand his resignation
Conservative leader Kemi Badenoch tables a parliamentary debate demanding a no‑confidence vote on Starmer, citing the Mandelson scandal
June 30 plunges to 39%28%
Conservative leader Kemi Badenoch tables a parliamentary debate demanding a no‑confidence vote on Starmer, citing the Mandelson scandal
Institute for Government records Anneliese Dodds resigns as development minister in protest over Starmer’s aid cuts, adding to cabinet instability
December 31 jumps to 68%5%
Institute for Government records Anneliese Dodds resigns as development minister in protest over Starmer’s aid cuts, adding to cabinet instability
Peter Mandelson is dismissed as ambassador after emails linking him to Jeffrey Epstein are published, reigniting scandal‑driven instability
June 30 surges to 67%25%
Peter Mandelson is dismissed as ambassador after emails linking him to Jeffrey Epstein are published, reigniting scandal‑driven instability
Guardian live‑blog notes that Labour MP Jonathan Brash calls for Starmer’s resignation, and several ministers publicly distance themselves, sending the
December 31 jumps to 72%6%
Guardian live‑blog notes that Labour MP Jonathan Brash calls for Starmer’s resignation, and several ministers publicly distance themselves, sending the
BBC reports that senior Labour figures (e.g., Ed Miliband) distance themselves from the Mandelson appointment, reigniting speculation of a leadership challenge
December 31 surges to 72%23%
BBC reports that senior Labour figures (e.g., Ed Miliband) distance themselves from the Mandelson appointment, reigniting speculation of a leadership challenge
Time article outlines growing pressure on Starmer after the Mandelson‑Epstein revelations, noting multiple ministerial resignations and a dip in approval ratings
June 30 jumps to 42%5%
Time article outlines growing pressure on Starmer after the Mandelson‑Epstein revelations, noting multiple ministerial resignations and a dip in approval ratings
Prime Minister Starmer declares he was “staggering” not to have been told about Mandelson’s vetting failure and vows an investigation, briefly restoring confidence
June 30 surges to 41%25%
Prime Minister Starmer declares he was “staggering” not to have been told about Mandelson’s vetting failure and vows an investigation, briefly restoring confidence
Time article details growing calls for Starmer to resign after Mandelson’s scandal resurfaces, noting “mounting calls” and “rising pressure”
December 31 jumps to 57%7%
Time article details growing calls for Starmer to resign after Mandelson’s scandal resurfaces, noting “mounting calls” and “rising pressure”
Starmer declares he will not “walk away” and survives a cabinet reshuffle after the resignation of adviser Morgan McSweeney, pushing the market back up
December 31 jumps to 66%12%
Starmer declares he will not “walk away” and survives a cabinet reshuffle after the resignation of adviser Morgan McSweeney, pushing the market back up
Starmer reveals for the first time (via GB News) the exact date (Jan 29 2025) the security vetting was denied and that he only learned of it on April 14 2025
June 30 drops to 45%6%
The delayed disclosure calmed the market slightly as the Prime Minister appeared transparent, causing a modest dip.
| Angela Rayner (Deputy Prime Minister) announces she will not stand for re‑election as deputy after a tax‑scandal inquiry, prompting a major cabinet reshuffle | Loss of the
December 31 rises to 73%4%
| Angela Rayner (Deputy Prime Minister) announces she will not stand for re‑election as deputy after a tax‑scandal inquiry, prompting a major cabinet reshuffle | Loss of the deputy heightened perception of a collapsing government, pushing the
BBC reports that senior Labour MPs (including Clive Lewis) publicly urge Starmer to step down, widening the leadership challenge narrative
December 31 jumps to 70%5%
BBC reports that senior Labour MPs (including Clive Lewis) publicly urge Starmer to step down, widening the leadership challenge narrative
BBC reports that former communications chief Matthew Doyle pushed for a secret diplomatic appointment, adding to accusations that Starmer misled Parliament
December 31 drops to 64%7%
BBC reports that former communications chief Matthew Doyle pushed for a secret diplomatic appointment, adding to accusations that Starmer misled Parliament
BBC reports senior Labour ministers publicly back Starmer after Sarwar’s surprise resignation‑call the previous week, temporarily calming markets
December 31 drops to 50%5%
BBC reports senior Labour ministers publicly back Starmer after Sarwar’s surprise resignation‑call the previous week, temporarily calming markets
Sacked Foreign Office chief Olly Robbins testifies that No 10 pressured officials to approve Mandelson, intensifying calls for a no‑confidence vote
December 31 jumps to 53%5%
Sacked Foreign Office chief Olly Robbins testifies that No 10 pressured officials to approve Mandelson, intensifying calls for a no‑confidence vote
| Labour MP Clive Lewis becomes the first MP to publicly call for Starmer’s resignation over the Mandelson affair | First MP‑level resignation call added credibility to the
December 31 dips to 69%2%
| Labour MP Clive Lewis becomes the first MP to publicly call for Starmer’s resignation over the Mandelson affair | First MP‑level resignation call added credibility to the crisis, sustaining high odds. |
Former senior civil servant Olly Robbins testifies that No 10 pressured the Foreign Office to approve Mandelson, intensifying calls for a no‑confidence vote
June 30 rises to 48%3%
Former senior civil servant Olly Robbins testifies that No 10 pressured the Foreign Office to approve Mandelson, intensifying calls for a no‑confidence vote
Starmer announces a cabinet reshuffle, removing the deputy prime minister and several ministers linked to the scandal, which temporarily eases concerns
June 30 dips to 50%1%
Starmer announces a cabinet reshuffle, removing the deputy prime minister and several ministers linked to the scandal, which temporarily eases concerns
Former Foreign Office chief Olly Robbins alleges “constant pressure” from No 10 to approve Mandelson’s appointment
June 30 jumps to 43%8%
Robbins’ testimony suggested the Prime Minister’s office had overridden security advice, reviving doubts about Starmer’s judgment and pushing the market back up.
Conservative leader Kemi Badenoch declares Starmer’s position “untenable” over the Mandelson vetting row, intensifying opposition calls for resignation
December 31 drops to 68%5%
Conservative leader Kemi Badenoch declares Starmer’s position “untenable” over the Mandelson vetting row, intensifying opposition calls for resignation
Starmer “furious” after learning Lord Peter Mandelson failed security vetting; Kemi Badenoch says his position “untenable”
June 30 plunges to 35%16%
The revelation that Mandelson’s appointment had been made despite a failed vetting check sparked immediate calls from the Conservative leader Kemi Badenoch for Starmer to resign, sending the “Yes” probability sharply lower.
| Morgan McSweeney (Starmer’s chief of staff) resigns, citing responsibility for the Mandelson appointment | The departure of a senior adviser signalled internal turmoil, nudging
December 31 rises to 71%3%
| Morgan McSweeney (Starmer’s chief of staff) resigns, citing responsibility for the Mandelson appointment | The departure of a senior adviser signalled internal turmoil, nudging the
Labour MP Clive Lewis publicly calls for Starmer’s resignation, marking the first open MP demand and lifting “out‑by‑June 30” probabilities
June 30 dips to 51%3%
Labour MP Clive Lewis publicly calls for Starmer’s resignation, marking the first open MP demand and lifting “out‑by‑June 30” probabilities
Opposition MPs (SNP, Lib Dem, Reform UK) demand Starmer’s resignation after evidence that he misled Parliament on Mandelson’s appointment
June 30 plunges to 23%28%
Opposition MPs (SNP, Lib Dem, Reform UK) demand Starmer’s resignation after evidence that he misled Parliament on Mandelson’s appointment
| Kemi Badenoch (Conservative leader) labels Starmer’s position “untenable” after the Mandelson scandal, calling for his immediate resignation | Opposition pressure reinforced
December 31 dips to 68%2%
| Kemi Badenoch (Conservative leader) labels Starmer’s position “untenable” after the Mandelson scandal, calling for his immediate resignation | Opposition pressure reinforced market expectations of a possible ouster, keeping the
BBC reports that senior civil servant Sir Olly Robbins was sacked for defending the Mandelson vetting, intensifying calls for a no‑confidence vote
June 30 drops to 44%5%
BBC reports that senior civil servant Sir Olly Robbins was sacked for defending the Mandelson vetting, intensifying calls for a no‑confidence vote
Senior civil servant Sir Olly Robbins testifies that No 10 pressured the Foreign Office to approve Mandelson, prompting opposition leader Kemi Badenoch to label Starmer’s position
December 31 jumps to 71%14%
Senior civil servant Sir Olly Robbins testifies that No 10 pressured the Foreign Office to approve Mandelson, prompting opposition leader Kemi Badenoch to label Starmer’s position “untenable”
Morgan McSweeney (Starmer’s chief of staff) resigns, taking responsibility for the Mandelson appointment, sparking leadership‑challenge rumours
June 30 dips to 49%4%
Morgan McSweeney (Starmer’s chief of staff) resigns, taking responsibility for the Mandelson appointment, sparking leadership‑challenge rumours
| Prime Minister Keir Starmer publicly declares he was “staggered” to learn Mandelson failed vetting and vows to “walk away” from power if forced to resign | Starmer’s admission
December 31 jumps to 70%8%
| Prime Minister Keir Starmer publicly declares he was “staggered” to learn Mandelson failed vetting and vows to “walk away” from power if forced to resign | Starmer’s admission of being blindsided amplified speculation of a leadership crisis, driving the
Starmer tells MPs he was “not prepared to walk away” after the resignation of chief adviser Morgan McSweeney amid the Mandelson scandal
December 31 jumps to 71%9%
Starmer tells MPs he was “not prepared to walk away” after the resignation of chief adviser Morgan McSweeney amid the Mandelson scandal
Parliamentary committee summons former chief of staff Olly Robbins to testify on the Mandelson appointment, reviving pressure on Starmer and pushing odds higher
June 30 jumps to 54%12%
Parliamentary committee summons former chief of staff Olly Robbins to testify on the Mandelson appointment, reviving pressure on Starmer and pushing odds higher
Prime Minister Keir Starmer publicly admits he was “staggered” to learn Mandelson’s vetting failure and says he was not told, sparking fresh calls for his resignation
December 31 jumps to 57%7%
Prime Minister Keir Starmer publicly admits he was “staggered” to learn Mandelson’s vetting failure and says he was not told, sparking fresh calls for his resignation
Starmer sacks Foreign Office permanent secretary Olly Robbins after Robbins reveals pressure to approve Mandelson despite failed vetting
June 30 surges to 79%24%
Starmer sacks Foreign Office permanent secretary Olly Robbins after Robbins reveals pressure to approve Mandelson despite failed vetting
Foreign Office admits it overrode security advice and appointed Mandelson as US ambassador despite clearance denial, prompting Tory leader Kemi Badenoch to call Starmer’s position
June 30 surges to 57%22%
Foreign Office admits it overrode security advice and appointed Mandelson as US ambassador despite clearance denial, prompting Tory leader Kemi Badenoch to call Starmer’s position “untenable”
Starmer “staggering” that he was not told Lord Peter Mandelson failed security vetting, sparking the first major parliamentary questioning of his judgment
June 30 plunges to 35%16%
Starmer “staggering” that he was not told Lord Peter Mandelson failed security vetting, sparking the first major parliamentary questioning of his judgment
UK Security Services reveal Peter Mandelson failed the January 2025 security vetting, but the Foreign Office over‑ruled the decision and proceeded with his US ambassadorship
December 31 jumps to 50%6%
UK Security Services reveal Peter Mandelson failed the January 2025 security vetting, but the Foreign Office over‑ruled the decision and proceeded with his US ambassadorship
Olly Robbins tells MPs No 10 put “constant pressure” on the Foreign Office to approve Peter Mandelson’s ambassadorship despite security‑vetting concerns
June 30 jumps to 34%8%
The revelation that senior civil servants were pressured to ignore vetting warnings sparked a fresh call for Starmer’s resignation, pushing the market up.
Security‑vetting failure for Peter Mandelson revealed, showing he had been rejected in January 2025 but later appointed as U.K. ambassador to Washington
December 31 jumps to 49%7%
Security‑vetting failure for Peter Mandelson revealed, showing he had been rejected in January 2025 but later appointed as U.K. ambassador to Washington
| Olly Robbins (top Foreign Office civil servant) testifies that No 10 pressured the department to approve Peter Mandelson’s US‑ambassador appointment despite failed security
December 31 jumps to 55%7%
| Olly Robbins (top Foreign Office civil servant) testifies that No 10 pressured the department to approve Peter Mandelson’s US‑ambassador appointment despite failed security vetting | Revelation of direct No 10 interference raised doubts about Starmer’s control, lifting “Yes” odds. |
Olly Robbins, senior Foreign Office official, publicly alleges “constant pressure” from No 10 to approve Peter Mandelson’s US‑ambassador appointment despite failed security vetting
December 31 jumps to 50%6%
Olly Robbins, senior Foreign Office official, publicly alleges “constant pressure” from No 10 to approve Peter Mandelson’s US‑ambassador appointment despite failed security vetting
Starmer’s Downing Street refurbishment bill of £30,000 sparks public outrage and calls for his resignation, pushing the market down to 35% Yes
June 30 plunges to 35%16%
Starmer’s Downing Street refurbishment bill of £30,000 sparks public outrage and calls for his resignation, pushing the market down to 35% Yes




Beware of external links.
Beware of external links.
Frequently Asked Questions