Wes Streeting denies plotting against PM and condemns No 10 bid to ‘kneecap’ him – UK politics live

Starmer’s allies are saying getting rid of the PM would be would be a ‘reckless’ and ‘dangerous’ move

UK government borrowing costs ticked higher this morning, as the price of gilts – UK government bonds – slipped in value amid speculation over a leadership challenge to Keir Starmer, PA Media reports. PA says:

Yields on 10-year-gilts, which move counter to the price of the bonds, rose by 3 basis points to 4.42% in early trading. The yield on the longer-term 30-year-gilt also rose by a similar amount.

The rise come after yields had dropped significantly on Tuesday after rising unemployment and falling wage growth prompted predictions of interest rate cuts.

Continue reading…

Source: www.theguardian.com

Read full article