CNBC Daily Open: Can Starmer ‘keep calm and carry on?'

Prime Minister Keir Starmer, issues a statement regarding the Manchester Synagogue attack, at Downing Street on October 2, 2025 in London, England. Wpa Pool | News | Hello, this is Katie Foley writing to you from London, where Downing Street is dominating the agenda. U.K. Prime Minister Keir Starmer faces a crunch cabinet meeting this morning. His premiership seemingly rests on a knife-edge after a day of intrigue of the kind that British politics seems to have perfected in recent years. What you need to know today British Cabinet ministers - reportedly including Home Secretary Shabana Mahmood - have told Keir Starmer to lay out a plan to leave Number 10. In addition, more than 70 of his own MPs have told him to quit and several ministerial aides have resigned, with Starmer's 'make-or-break' speech yesterday failing to quell the growing rebellion. London mayor Sadiq Khan told CNBC he is not calling for a change of Prime Minister , but that "we have not been bold enough, we've not been brave enough. We are in danger of losing the next general election pretty badly." On Europe, Khan says Labour should commit to rejoining the EU at the next general election , calling Brexit "the biggest act of economic self-harm any country has ever done." The timing of all this is awkward, with the King's Speech laying out the government's priorities at the state opening of parliament set to take place on Wednesday. Oil prices are higher after U.S. …