"He's The Next Nicola Sturgeon!" | UK Borrowing Costs Hit 28-Year High Amid Burnham Challenge Fears

Britain’s long-term government borrowing costs jumped to their highest level for 28 years as City traders braced for a potential Labour leadership challenge from Andy Burnham. The pound is also on track for its worst week since 2024 amid growing concern over political instability. The yield on 30-year UK Government bonds, also known as gilts, lifted to fresh recent highs, rising by 16 basis points to 5.821 points. Speaking with Spectator economics editor Michael Simmons, Talk's Ian Collins says: "We rely on the kindness of strangers, aka the bond markets. And we've built this economy that doesn't pay for itself." #andyburnham #labour #iancollins #talk Have you got a story? Email [email protected] Click here for more from Talk https://talk.tv If you need any help visit: https://talk.tv/helplines