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This year's local election results from the United Kingdom are in. The far-right, anti-immigrant Reform UK party made substantial gains, while the ruling Labour Party suffered heavy losses, signaling what London-based journalist Daniel Trilling calls a "wider fragmenting of politics" and a generational shift away from the two-party political system. We get an overview of major developments to the U.K. political scene from Trilling, including how Donald Trump's transformation of the U.S. right-wing movement has inspired Nigel Farage's Reform UK party, and how the Labour Party's crackdown on pro-Palestine activism led to rising support for the left-wing Green Party. Trilling also discusses how populist sentiment continues to influence other countries in Europe after Hungary's extremist leader Viktor Orbán suffered a major election defeat last month.
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The north London MP wants Sir Keir to set out a timetable for his departure, but the PM has said he would not walk away.
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The Trump administration's attacks on the Federal Reserve have rattled confidence in the central bank's ability to operate independently before a leadership transition.
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