Bond Markets Reel Amid Labour Leadership Challenge Rumours as Britain's Debt Continues to Mount

Bond markets reel amid Labour leadership challenge rumours as Britain's debt continues to mount

Bond markets have been left reeling amid Labour's leadership challenge rumours as Britain's debt continues to mount.Earlier today, Sir Keir Starmer insisted that he would not “walk away” from Downing Street, despite mounting pressure following Labour’s bruising local election losses.The Prime Minister’s defiant stance came after reports that some Cabinet ministers had urged him to outline a timetable for his departure, amid growing unease within…

Bond markets sound the alarm as Labour wobbles and gilt yields climb

Britain is hoovering up the wrong sort of records. In the wake of the Iran war, the economy is staring down the heaviest growth downgrades in the G7, the most stubborn inflation, the greatest exposure to volatile gas prices and some of the thinnest storage capacity in Europe. It is a sobering tally for any prime minister, never mind one whose backbenches are openly muttering about regicide. Sir Keir Starmer’s insistence on Friday that he will no…

Bond markets react to Labour losses: what it means for consumers, businesses, interest rates and more