Britain is about to get its seventh leader in ten years, and already pays the highest borrowing costs in the G7. What that political churn costs.
Key Facts
—The churn. Britain’s next leader will be its seventh in about ten years.
—The trigger. Prime Minister Keir Starmer resigned on June 22, opening a leadership contest.
—The cost. Britain has the highest government borrowing costs in the G7.
—The gap. Its 10-year bond yielded about 4.8 per cent, nearly two points above Germany’s.
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