The UK local and devolved regional elections are shaping up to be rough for the incumbent Labour party. Speculation about political leadership change is likely to increase as a result. If there is a change of UK Prime Minister (and Chancellor), who could it be, what would be the process, and most importantly for Macro Bytes, what are the economic and market implications? Paul and Lizzy lay out the runners-and-riders, and the possible policy changes across tax-and-spend, regulation, Europe, an...