UK bonds under pressure, and pound falls, amid ‘political uncertainty’ over Starmer’s future

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Another UK political crisis is looming over the City of London today, as prime minister Sir Keir Starmer faces more calls to set out a timetable for his departure.

The bond market is fimly in the spotlight, after government borrowing costs jumped yesterday as Starmer’s ‘make-or-break’ speech failed to reassure investors, and prompted some Labour MPs to fall for his departure.

The Guardian reported last night that two senior cabinet ministers Yvette Cooper, the foreign secretary, and Shabana Mahmood, the home secretary – were understood

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