UK government borrowing costs have surged to their highest levels since 1998 as investors react to a devastating set of local election results for the ruling Labour Party, raising fears of a "political risk premium" returning to British assets.
Levis Damian
Economic CommentatorEarly data from the May 7 elections indicates Prime Minister Keir Starmer’s party has lost more than 1,300 council seats, with 30-year gilt yields climbing to 5.8% amid deepening concerns over leadership stability and the country's future fiscal trajectory.
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Elvis O.
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Published: 1 day ago
Published: 1 day ago
Published: 1 day ago