Borrowing costs also rise to ‘complicate matters enormously’ ahead of make-or-break Budget

Yield on 30-year gilts reaches a 27-year high after Downing Street reshuffle

The pound has fallen sharply in the wake of Sir Keir Starmer’s economic reshuffle that sidelined Rachel Reeves.

Borrowing costs also rise to ‘complicate matters enormously’ ahead of make-or-break Budget

The current situation is dire – but this Prime Minister is not about to be forced out