Gilt yields spike on Keir Starmer’s refusal to back ‘visibly upset’ Reeves

Gilt yields spiked shortly after Keir Starmer refused to confirm whether Rachel Reeves would remain as Chancellor in an eventful PMQs during which she appeared visibly upset.  The prime minister defended the government’s U-turn on the welfare bill, which could now prevent Labour from making £4.8bn savings baked into the Office for Budget Responsibility (OBR)’s [...]