Brown to quit as Labour chases Lib Dem deal

clock

Gordon Brown is to step down as Prime Minister in September and will ask the party to "set in train" a leadership contest to replace him.

The Prime Minister also revealed Liberal Democrat leader Nick Clegg wants to start discussions with Labour to try and form a coalition government. He said: "If it becomes clear the national interest w can best be served by forming a coalition between the Labour party and the Liberal Democrats then I believe I should discharge that duty to form that government which would in my view command a majority in the House of Commons in the Queen's speech and any other confidence vote." The Prime Minister said in a statement he had "no desire to stay in my position longer than is needed to ensu...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Is compliance the hidden driver of business value and saleability?

Is compliance the hidden driver of business value and saleability?

'The reality is simple - buyers will pay more for certainty'

Paul Bruns
clock 09 September 2026 • 7 min read
PFS Festival of Financial Planning returns for 2026

PFS Festival of Financial Planning returns for 2026

To take place on 18-19 November at NEC Birmingham

Sophia Panayi
clock 08 September 2026 • 1 min read
Blevins Franks launches cross-border referral service for UK advisers

Blevins Franks launches cross-border referral service for UK advisers

For UK advisers with clients in Europe

Sophia Panayi
clock 08 September 2026 • 2 min read