Becoming prime minister is a shock. Not so much the moment of being elected – any sensible democratic politician knows that opinion polls can be wrong and gets ready for all eventualities.
No incoming prime minister can ever be fully prepared for the demands of the job, placed on them from day one, when – among many other demands – they are taken aside to be briefed about their role in a nuclear war.
The process is particularly challenging in the UK because the change is so quick. There are no weeks of transition as in most other countries. Nobody else does it like us.
Image: Keir Starmer has no experience of government
As Tony Blair remarked to Alastair Campbell: “Imagine preparing for a new job by working flat out travelling the country for six weeks and then go a few nights without sleep.”
If this general election goes to usual form either Prime Minister Keir Starmer or Prime Minister Rishi Sunak will be installed in 10 Downing Street by lunchtime the day after the vote.
Neither of them will have had any sleep the night before, waiting for the declarations in their own constituencies into the small hours and then dealing with the fallout from the results elsewhere.
If he has stayed in touch with reality, Sunak would certainly be flabbergasted by victory, given the general expectation that he would lose.
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Re-election to the job of premier should hold no other surprises beyond trying to step around the elephant traps he has carefully dug for the next prime minister, assuming that it would not be him.
First-timer Starmer would face the challenge of taking on a job and lifestyle which only 56 people have ever experienced before.
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Becoming prime minister at an election with a change of governing party is even rarer. There have been 13 general elections in the last 50 years but only three handovers of power between Labour and the Conservatives.
Being a senior minister is not an adequate preparation for Number 10.
Gordon Brown was a hugely powerful chancellor of the exchequer for a decade who regarded himself as a co-prime minister, yet a few months after he took over the top job, a senior Brownite ruefully confessed to me: “We thought it was going to be like the Treasury only bigger. It isn’t. That was handling just one thing. As prime minister everything comes at you from all directions.”
Along with taking tea with Margaret Thatcher, the former finance minister also spent his honeymoon period dealing with terror attacks in London and Glasgow and unexpected summer flooding across England.
Unlike Harold Wilson, James Callaghan, Edward Heath, Thatcher, John Major, Theresa May, Boris Johnson, Liz Truss and Sunak, Starmer has never served in a government as a minister.
Image: Rishi Sunak campaigning
He shares this lack of experience with David Cameron and Blair, who had been in parliament for 14 years when he became prime minister and a shadow minister for 10.
Cameron had been an MP for nine years when elected prime minister, as would be the case for Starmer, who only became an MP in 2015.
Cameron already knew his way around government having worked as an aide in Conservative headquarters and for senior ministers.
Starmer likes to boast that he had a successful career as a lawyer before entering parliament. He believes that running the “big organisation” of the Crown Prosecution Service should be good preparation for the premiership.
Starmer also says he knows how to cope with a change of style because he switched from poacher as a defence barrister to gamekeeper as director of public prosecutions.
A prime minister who comes at a general election usually has to switch in a moment from all-out campaigning to managing a party, a government and a country.
Except for Cameron whose preparations benefitted from a hung parliament and five days of negotiations to set up the coalition with the Liberal Democrats.
At least general election-elected prime ministers start with a clean sheet of policies and with plenty of jobs to hand out.
Image: Tony Blair and Gordon Brown. Pic: PA
Blair admits “the disadvantage of a new government is lack of experience in governing” but he claims “it is also an advantage… we thought the unthinkable. We did the undoable.” His early gambits included shifting PMQs to one half-hour session a week and granting independence to the Bank of England.
This baptism of fire and new beginning perhaps explains why Thatcher, Blair and Cameron are the significant national leaders of recent years, who won re-election, rather than those who took over power by default of internal party machinations.
Sunak can never be a member but Starmer would have a chance to join this distinguished club, although he is circumscribed by the state of the economy and by the things which Tory campaigning has forced him to rule out.
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Incoming prime ministers depend heavily on the staff around them. Someone has to make preparations for government which could be only days away. A leader is occupied fighting an election campaign and must not be seen to be presumptuous or complacent about victory. Officials and even family members are slapped down if they slip saying “when” not “if” about winning.
Blair is credited with pulling off one of the most successful transitions thanks in large part to his team. His chief of staff Jonathan Powell and advisor David Miliband secretly drew up a plan in advance for the government’s first 100 days. Peter Mandelson and Alastair Campbell practically invented the arts of political spinning and media handling in this country. Anji Hunter and Sally Morgan had the delicate task of reaching out to the party and the outside world and managing the appointment of ministers and government advisors. Mistakes are sometimes made when handing out jobs, names may be mixed up, post-it notes dropped or mobile phones mislaid.
Starmer’s key decision in preparation for government was the controversial hiring of a widely respected senior civil servant as his chief of staff.
Image: Liz Truss. Pic: Reuters
He has made it clear that Sue Gray will take over as top dog from campaign director Morgan McSweeney from the moment of victory. Gray knows everyone in Whitehall after decades of working there. She is expected to oversee Olly Robbins replacing Simon Case as cabinet secretary. She will also have a decisive voice over the appointment of advisors and ministers.
In the past, shadow ministers have had more than a year for “access talks” about their plans with officials in relevant government departments. Sunak withheld permission for these to start until early this year and has now called a snap election, meaning Labour has had barely six months to prepare.
Some of those involved in getting MPs ready for government are worried they are not as ready as they should be. Starmer has shown that he can be ruthless and, if he does become prime minister, there are likely to be nasty shocks for some now assuming they will be ministers in government. Labour already have about 20 more “front bench” spokespeople than there are paid ministerial jobs in government.
In Blair’s case, Mandelson says the “real” and “important” reshuffle shake-out took place after a year in office.
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The head of government has other unavoidable duties. Blair had to cope with the death of Princess Diana within months of being elected. “Why me?” Truss asked of the death of Queen Elizabeth II just days into her premiership.
Before the state opening of parliament on 17 July, the next prime minister will have to represent the UK at NATO’s 75th anniversary summit in Washington between 9 and 11 July with Ukraine at the top of the agenda. A week later he will host the European Political Community at Blenheim Palace – this organisation came into existence after Brexit to improve relations between 50 European nations.
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Prime ministers make what come to be seen as unforced errors – such as Truss’s mini-budget, Cameron’s Brexit referendum and Blair’s invasion of Iraq. They also have to cope with unforeseen events beyond their control, such as the COVID-19 pandemic.
The shocks of the first few weeks as prime minister are likely to be dwarfed by the shocks in the years to come. However hard they have tried to prepare, whether or not they are ready, the job will soon find out a prime minister’s strengths and weaknesses.
Homelessness charities have warned that ministers are “falling short of what is desperately needed to end Britain’s homelessness crisis”.
It comes as the government published its new plan to tackle rough sleeping in Britain, which pledges £3.5bn of funding to crackdown on the issue.
But charities have said Labour’s National Plan to End Homelessness “falls short” and contains “important gaps”, meaning the party will not be able to achieve their stated goal of halving the number of homeless people by 2029/30.
Crisis, an organisation that supports the homeless, also argues that only £100m of the funding announced in the strategy is new.
Meanwhile, Labour MP Paula Barker, who co-chairs the All-Party Parliamentary Group (APPG) for ending homelessness, has told Sky News that the strategy has a “depressing lack of meat on the bone”, looks like it has been “rushed out”, and has left her “disappointed”.
It comes as Shelter warns that 382,618 people in England – including a record 175,025 children – will be homeless this Christmas, equivalent to one in every 153 people.
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Working but homeless: Daniel’s story
What does the government’s plan to reduce rough sleeping involve?
The government has made three key pledges in its new plan, unveiled on Wednesday evening.
It says that it is aiming to halve the number of long-term rough sleepers by the end of the parliament, reduce the time families spend living in bed and breakfasts (B&Bs), and prevent more people from becoming homeless in the first place.
To achieve this, the party has set out numerous new measures, schemes and extra funding.
The main measures in the strategy are:
Getting prisons, hospitals and social care services to work together better by passing a “duty to collaborate”;
Halving the number of people made homeless on their first night out of prison;
Preventing people being discharged from hospital straight to the street;
Helping the 2,070 households currently living for more than six weeks in B&Bs;
Giving councils an extra £50m – with the demand they create tailored actions plans.
A new £124m supported housing scheme is also being established, and the government hopes that it will help get 2,500 people in England off the streets.
Housing Secretary Steve Reed said homelessness is “one of the most profound challenges we face”, and suggested that the strategy will build “a future where homelessness is rare, brief, and not repeated”.
How has the plan been received?
Ms Barker told Sky News she welcomes “the scale of investment”, but is “disappointed by what I have seen”.
The Labour MP explained: “From what I have seen so far, it leaves more questions than it answers – where are the clear measures around prevention? Where is the accommodation for people sleeping rough coming from – has it already been built? What about specialised provision for those fleeing domestic abuse?
“We needed this strategy to be bold.”
Image: MP Paula Barker is ‘disappointed’ by what she has seen
Meanwhile, organisations working to support those on the streets have welcomed the plan for its focus on the issue, but warn it leaves it “almost impossible” for many families to avoid homelessness.
Matt Downie, the chief executive of Crisis, said: “Housing benefit remains frozen until at least 2030; there is no coherent approach for supporting refugees and stopping them becoming homeless; and we hear no assurances that the new homes government has pledged to build will be allocated to households experiencing homelessness at the scale required.
“There is a long way to go. Ministers are taking steps in the right direction, but falling short of what’s desperately needed to end Britain’s homelessness crisis.”
Image: An exhibit organised to highlight the contrast between the Christmas period and an estimated 23,500 young people who will homeless. Pic: PA
Sarah Elliott, head of Shelter, also warned the proposals do not go far enough, saying: “Until a lot more of these social homes are built, one of the only ways to escape homelessness is if you can afford to pay a private rent.
“We know from our frontline services this is almost impossible to do when housing benefit remains frozen, and that is where the homelessness strategy falls short.”
Centrepoint, a charity that supports young people facing homelessness, said that the strategy is “an important step”, and could be “transformative”. But it added that “gaps in the government’s approach remain”, and said increases in funding “don’t face up to the scale of homelessness”.
The Conservatives have said that the strategy means Labour “has completely failed on homelessness”.
Paul Holmes, shadow housing minister, said the number of households and children in temporary accommodation has risen to “record levels”, and pointed to the government’s “abysmal record on house-building” and tackling immigration.
Australia’s securities regulator has finalized exemptions that will make it easier for businesses to distribute stablecoins and wrapped tokens.
The Australian Securities and Investments Commission (ASIC) on Tuesday announced the new measures, aimed at fostering innovation and growth in the digital assets and payment sectors.
It stated that it was “granting class relief” for intermediaries engaging in the secondary distribution of certain stablecoins and wrapped tokens.
This means that companies no longer need separate, and often expensive, licenses to act as intermediaries in these markets, and they can now use “omnibus accounts” with proper record-keeping.
The new exemptions extend the earlier stablecoin relief by removing the requirement for intermediaries to hold separate Australian Financial Services (AFS) licenses when providing services related to stablecoins or wrapped tokens.
Leveling the playing field for stablecoin issuers
The regulator stated that these omnibus structures were widely used in the industry, offering efficiencies in speed and transaction costs, and helping some entities manage risk and cybersecurity.
“ASIC’s announcement helps level the playing field for stablecoin innovation in Australia,” said Drew Bradford, CEO of Australian stablecoin issuer Macropod.
“By giving both new and established players a clearer, more flexible framework, particularly around reserve and asset-management requirements, it removes friction and gives the sector confidence to build,” he continued.
The old licensing requirements were costly and created compliance headaches, particularly for an industry awaiting broader digital asset reforms.
“This kind of measured clarity is essential for scaling real-world use cases, payments, treasury management, cross-border flows, and onchain settlement,” added Bradford.
“It signals that Australia intends to be competitive globally, while still maintaining the regulatory guardrails that institutions and consumers expect.”
Angela Ang, head of policy and strategic partnerships at TRM Labs, also welcomed the development, stating, “Things are looking up for Australia, and we look forward to digital assets regulation crystallizing further in the coming year — bringing greater clarity to the sector and driving growth and innovation.”
Global stablecoin growth surges
Total stablecoin market capitalization is at a record high of just over $300 billion, according to RWA.xyz.
It has grown by 48% since the beginning of this year, and Tether remains the dominant issuer with a 63% market share.
Stablecoin markets have surged in 2025, and Tether remains dominant. Source: RWA.xyz
A group of Republicans has called foul after the US House passed a massive defense spending bill on Wednesday that omitted a ban on central bank digital currencies despite promises it would be included.
“Conservatives were promised — explicitly — that strong anti-Central Bank Digital Currency (CBDC) language would be included in the National Defense Authorization Act (NDAA). That promise was broken,” GOP Representative Keith Self wrote to X on Wednesday.
The House voted 312-112 to pass the NDAA on Wednesday, sending the $900 billion annual military funding bill to the Senate in a bid to have it passed before the end of the year.
Self had filed an amendment on Tuesday to include a CBDC ban, which had been removed from the bill, but it failed to advance and did not see a vote on the House floor.
Self said a group of Republicans was “assured that anti-CBDC language would be included. Instead, we have been forced into a take-it-or-leave-it bill that breaks that promise. Without that language, I’m inclined to leave it.”
The more than 3,000-page bill is considered must-pass legislation and typically sees non-defense-related amendments that could otherwise be stalled or heavily revised if passed as standalone bills.
In July, House Republican leaders cut a deal with a group of party hardliners to put a CBDC ban in the defense spending bill after the group refused to move forward with three crypto bills unless a CBDC ban was guaranteed.
The bills had been held up in a record-long nine-hour procedural vote and included the stablecoin-regulating GENIUS Act, which President Donald Trump had pressured the GOP to quickly pass.
GOP Representative Marjorie Taylor Greene slammed Speaker Mike Johnson on Monday for not keeping his promise of a CBDC ban, adding she supports crypto but “will never support giving the government the ability to turn off your ability to have full control of your money and to buy and sell.”
An early House version of the bill shared in August had included a CBDC ban, before it was subjected to amendments via multiple markups and committees.
The language of the provision banned the Federal Reserve from testing, studying, developing or issuing any digital currency or asset. It would have also stopped the central bank from offering financial products or services directly to individuals.
In July, the House passed a bill banning CBDCs, the Anti-CBDC Surveillance State Act, with a slim vote of 219-210, which has stalled in the Senate.
Self said he would “fight on in the next must-pass bill to ensure a CBDC never sees the light of day. Financial freedom isn’t negotiable.”