With Keir Starmer premiership on the brink, British government debt tumbles further
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British government debt has sharply declined amid speculation that Prime Minister Keir Starmer may face a leadership challenge or resign. The yield on the 10-year U.K. government bond rose to 5.09%, while the 30-year gilt yield increased to 5.77%. The British pound fell 0.5% to $1.3537, and the FTSE 100 index dropped 0.9%. Starmer is under pressure following local election losses, with 73 Labour MPs calling for his resignation, raising concerns about potential aggressive spending policies from a new prime minister.
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