Economist warns left-leaning Labour could raise taxes

By The BriefBrief

Hetal Mehta says a more left-leaning Labour leader could mean higher spending and taxes, affecting economic activity.

WHO: Hetal Mehta

WHAT: Comments on the UK fiscal situation and gilt market reaction, warning that higher spending and taxes could disincentivize economic activity.

WHEN: May 15, 2026 at 2:26 AM ET

WHERE: United Kingdom

WHY: Pressure on Keir Starmer mounts after senior Labour rivals move to potentially challenge him as prime minister, raising prospects of higher spending and higher taxes.

How this story developed (showing 16 of 16 earlier reports)

Keir Starmer rejects calls to resign · May 12, 2026 at 7:03 PM ET
Starmer’s premiership in charts · May 12, 2026 at 1:00 PM ET
Starmer stands his ground amid pressure to resign · May 12, 2026 at 12:00 PM ET
Londoners pessimistic about Keir Starmer’s future · May 12, 2026 at 9:02 AM ET
Keir Starmer says he will stay after minister quits · May 12, 2026 at 6:03 AM ET
Reeves’ allies urge chancellor to stay if Starmer ousted · May 12, 2026 at 4:03 AM ET
Starmer says defeat hurt but vows to fight on · May 11, 2026 at 1:02 PM ET
Keir Starmer vows to save premiership after elections · May 11, 2026 at 12:02 PM ET
Keir Starmer vows to prove 'doubters' wrong · May 11, 2026 at 8:00 AM ET
Starmer pledges closer ties with EU amid ouster calls · May 11, 2026 at 5:03 AM ET
Starmer says government is a ten-year project · May 10, 2026 at 2:05 PM ET
Starmer fights for his job as Labour ouster calls grow · May 10, 2026 at 2:00 PM ET
UK PM Starmer vows to fight on despite calls to quit · May 10, 2026 at 8:03 AM ET
Starmer faces calls to resign after disastrous local elections · May 9, 2026 at 10:03 PM ET
Starmer vows to fight on after local polls drubbing · May 9, 2026 at 12:05 AM ET
UK bonds rally after Starmer vows to stay PM · May 8, 2026 at 2:00 PM ET

Reporting from 21 identified publishers across this event arc.

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Publishers represented across this event arc

ABC Australia — View reporting
ABC News —
6 articles
Al Jazeera —
3 articles
BBC News —
3 articles
Bloomberg —
8 articles
Brussels Signal — View reporting
CBS News —
3 articles
CNBC Top News — View reporting
Deutsche Welle — View reporting
Euronews —
2 articles
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Financial Times —
7 articles
France 24 —
4 articles
Japan Times — View reporting
NBC News — View reporting
New York Times —
2 articles
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NPR — View reporting
PBS NewsHour — View reporting
Politico Europe —
2 articles
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South China Morning Post —
2 articles
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Straits Times —
3 articles
The Hindu —
2 articles
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These publishers contributed reporting to the broader event history. Not every source addresses the specific development described above.

How this brief is built: The BriefBrief correlates multiple sources into one evolving event brief, updated as new facts emerge.

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