Gilts Slump as Investors Brace for Burnham Challenge to Starmer

(Bloomberg) -- UK government bonds tumbled after Manchester Mayor Andy Burnham secured a pathway to potentially challenge Keir Starmer for the prime minister’s job, threatening a fresh bout of political instability that investors fear could result in more expansive fiscal policy. Most Read from BloombergHormuz Oil Flows Creep Higher as More Supertankers ExitIran’s Kharg Island Oil Jetties Empty Again Yesterday, Satellite ShowsWhat Is The Thucydides Trap and Why Did Xi Raise It With Trump?Xi Tell