The £35bn Hangover: Westminster's Chaos Bill Comes Due as Burnham Charts a New Course

Allianz Trade research published overnight puts a staggering price tag on Britain's political chaos: £35bn in extra borrowing costs since 2020, dubbed the "moron premium" after investors ridiculed the UK following Liz Truss's mini-Budget. The UK has burned through five Prime Ministers since 2022 — double Italy's tally, despite Italy's reputation for revolving-door leadership — and bond markets have punished Westminster for every leadership crisis, every U-turn, every...