Pressure mounts on UK PM Starmer amid resignation calls

U.K. gilt yields have risen to multi-decade highs as Prime Minister Keir Starmer faces growing political pressure ahead of a crunch cabinet meeting. The move signals higher borrowing costs and stress in the U.K. sovereign bond market, with the yield spike amplifying concern over policy stability and political leadership. Markets appear risk-off amid the leadership uncertainty.

Analysis

U.K. gilt yields have risen to multi-decade highs as Prime Minister Keir Starmer faces growing political pressure ahead of a crunch cabinet meeting. The move signals higher borrowing costs and stress in the U.K. sovereign bond market, with the yield spike amplifying concern over policy stability and political leadership. Markets appear risk-off amid the leadership uncertainty.