During his first in-person meeting with US President Joe Biden, the newly elected Prime Minister, Sir Keir Starmer, emphasized the value of the “exceptional relationship” between the US and the UK and reaffirmed their dedication to NATO.

Foreign Secretary David Lammy accompanied Prime Minister Starmer to a meeting with US Secretary of State Antony Blinken. The initial encounter between the two leaders took place at NATO’s 75th anniversary summit in Washington, just hours before their private discussions in the Oval Office.

In his praise of the alliance, President Biden referred to the UK as “the transatlantic knot” that unites NATO with its European allies. This meeting took place concurrently with NATO’s decision to extend its assistance to Ukraine.

Prime Minister Starmer reaffirmed the UK’s $3 billion yearly military aid to Ukraine. “I’m feeling really optimistic,” said President Biden, expressing optimism about the direction things are going.

Along with improving security cooperation, the two leaders talked about Sir Keir’s efforts to create a new security alliance with EU countries.

Sir Keir congratulated President Biden on organizing the NATO summit, saying, “It was a bigger NATO, a stronger NATO, and a NATO with the resolve that we need.”

During this visit, which was Sir Keir’s first journey abroad as prime minister, President Biden received a personalized Arsenal Football Club shirt as a token of goodwill, signifying their common interests and the strong relationship between the two countries.

Labour’s Historic Election Victory

After 14 years of Conservative government, the Labour Party, led by Prime Minister Keir Starmer, won with a resounding win. Celebrating outside 10 Downing Street, Starmer made a commitment to “rebuild Britain” and provide opportunity for everyone.

With this win, Labour underwent a dramatic transformation, as only three years earlier it had faced an existential crisis. World leaders gave Starmer their congratulations on winning the election.

NATO Secretary-General Jens Stoltenberg, European Commission President Ursula von der Leyen, Italian Prime Minister Giorgia Meloni, French President Emmanuel Macron, and President Volodymyr Zelenskyy of Ukraine all expressed support and hope for future collaboration.

Rishi Sunak’s Resignation

After the election, Rishi Sunak, acknowledging the message sent by the voters, announced his resignation as the Conservative Party’s leader.

“I have given this job my all,” he stated, expressing his sorrow over the defeat and stressing the necessity for the Conservative Party to reorganize and resume its indispensable position in the opposition.

With the pound strengthening and the UK-focused FTSE 250 share index hitting its highest level since April 2022, the election result has restored investor confidence in the UK.

Investors are still hesitant, though, as they wait for more information regarding Labour’s objectives for economic expansion. Labour has promised to stick to strict budgetary rules while addressing the housing and infrastructure problems facing the UK.