Burnham's Fiscal Reckoning: Bond Yields Spike, Israel Sanctions Loom, and the Bills Keep Coming

Ten-year gilt yields hit their highest level since 2008 as Andy Burnham delivered his debut Commons speech as Prime Minister, placing the new government's fiscal credibility under immediate scrutiny. National debt is approaching £3 trillion, with Britain hemorrhaging more than £130bn a year on interest payments alone — and the Bond market is making clear it doesn't buy the optimism.

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• 10-year gilt yield at 18-year high: Bond markets punishing...