Core Viewpoint - The report by Ruth Gregory and Paul Dales from Capital Economics suggests that if Keir Starmer or Rachel Reeves are replaced as UK Prime Minister and Chancellor, respectively, UK government bond yields may rise and the pound may weaken, depending on the actions of the new leadership [1][2]. Group 1 - Starmer is under pressure due to his handling of former US Ambassador Peter Mandelson [2]. - If replaced by a team that weakens fiscal constraints and promises significant increases in public spending and borrowing, the 10-year government bond yield could surge, potentially exceeding 5%, leading to a decline in the pound [1][2]. - Conversely, if the government is forced to abandon these plans, similar to the "mini-budget" incident under Liz Truss, the situation may only be temporary [2].