GLOBAL bond investors reminded Prime Minister Keir Starmer of a harsh truth of British politics: The market’s verdict can be swift and punishing.
Starmer’s ruling Labour Party started the day on a face-saving mission after its MPs forced it to scrap £5bil (US$6.8bil) worth of cuts to welfare spending on Tuesday evening – making it even harder for Chancellor of the Exchequer Rachel Reeves to tame the government’s budget deficit.
