FTSE 100 Live: Stocks and bond market on alert after Burnham Parliament bid
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Andy Burnham's bid to return to Parliament has left markets on edge, following the resignation of Health Secretary Wes Streeting, who called for a leadership contest. Investor strategist Neil Wilson noted that market reactions will depend on Burnham's success in re-entering Westminster. Gilt yields have spiked amid the leadership turmoil, impacting government borrowing costs. Rachel Reeves emphasized the need for economic stability amidst the political uncertainty.
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