UK borrowing costs fall as Starmer blocks Burnham

Andy Burnham had been widely tipped to succeed Sir Keir Starmer as Labour Party leader - Ian Vogler/WPA Pool UK government borrowing costs have fallen after Sir Keir Starmer blocked leadership rival Andy Burnham from standing as an MP. The yield on benchmark 10-year gilts, as UK government bonds are known, fell as low as 4.47pc early on Monday, compared to a high of 4.51pc on Friday in the wake of the Gorton and Denton by-election announcement. Labour’s ruling National Executive Committee (NEC) blocked ...