The government's cost-of-living tsar has issued a blunt warning to Labour MPs, urging them to stop "Westminster navel-gazing" and throw their support behind Prime Minister Keir Starmer. Lord Richard Walker, the boss of Iceland Foods and the government's Cost of Living Champion, spoke out as speculation over Sir Keir's future continues to intensify.
Lord Walker's Call for Stability
Lord Walker, appointed directly by the Prime Minister in February, told the Mirror: "This is exactly the kind of navel-gazing the country is sick of. The markets hate it, households foot the bill, and Britain gains nothing from it. It's time to simmer down, get on with government, and focus on the cost of living." He emphasised that businesses are "crying out" for stability amid the ongoing debate over Sir Keir's leadership.
Political Uncertainty and Market Reactions
The uncertainty surrounding the Prime Minister's position has had tangible effects on financial markets. On Tuesday, UK gilt yields rose sharply due to speculation that Sir Keir could face a leadership challenge, although they stabilised on Wednesday. Financial markets are also nervous about the potential departure of Chancellor Rachel Reeves if Sir Keir were to step down. Lord Walker warned that such turmoil benefits no one and that households ultimately bear the cost.
Leadership Contenders and Internal Pressure
Sir Keir is battling to remain as Prime Minister amid pressure from his own MPs. Health Secretary Wes Streeting, seen as a potential leadership rival, held a brief meeting with Sir Keir at Downing Street. Other contenders are also being discussed as the Labour Party grapples with internal divisions. Lord Walker's intervention comes as a strong endorsement of Sir Keir's leadership, urging the party to focus on governing rather than internal disputes.
Broader Impact on Policy and Families
Lord Walker has used his role to speak out on a range of issues affecting families, including fuel prices. He previously accused some fuel firms of "taking the p!$$" after a surge in petrol prices for motorists linked to the Iran war. His latest remarks highlight the need for political stability to address the cost-of-living crisis, which remains a top concern for voters.
