Looks a little like a lupin :)

Yes it's a lupin. You can probably expect it not to flower this year!

yep, it's a Lupine. Hard to tell at that stage, but probably one of the hybrids. It'll probably bloom next year.

Thanks, your input is very helpful. So it stays!

Well if it is in your veggie garden you might want to shift but be aware that lupins have long tap roots.

OK I wonder if I should risk transplanting. Are they perennials?

Well, benefits to lupines with veggies: they are nitrogen fixers, and they attract pollinating bees.
Drawbacks to lupines with veggies: they become fairly large plants, taking up as much room as a large tomato or pepper, or four cole crops for each plant, and they do attract aphids.
The hybrid lupines, and a few others, are perennials, and are difficult to transplant, as MG says. If the drawbacks outweigh the benefits for you, let it go until just before the soil freezes, then dig it under to feed the soil. Annual lupines are often used as green manure.

I would like to see it bloom. A single lupin plant would add a splash of color to my veggie bed so I may just leave it alone, until it blooms.

That's interesting - Lupin in UK, Lupine in US. I wonder why?

There are a huge number of spelling differences between UK English and US English Stera...

Yes color/colour ?

A surprise Bathgate. They can be shades of blue/lilac, or shades of pink, or yellow, often bicoloured - wait and see!

MG did you see a blog a while back that degenerated into quite a long discussion on the differences between
English and American English? Can't remember what it was now.

No I must have missed that Stera

Yes Paul, and favour/favor. Loads of examples especially of simplified spelling. US-speak has dropped the -ough endings eg plow) but we cling to our roots - long ago those endings that seem strange now were actually pronounced. Its a little bit of everyday history.
You have a way to go yet - eg thought, enough. night and so on still keep the mother spelling. How long for I wonder? Do you fancy thort, enuff and nite?
(How can you tell I'm a bit of a word nut?)