Bookies’ favourite to replace Keir Starmer tones down stance on government borrowing to assuage City investors

The markets are apparently less enthusiastic about Andy Burnham running than Labour MPs.

The pound tumbled and the cost of Government debts soared on Friday, with economists predicting the pressure will continue throughout a likely Labour leadership contest.

The U.K.'s would-be prime minister, Andy Burnham, is being closely watched by bond markets.

Bookies’ favourite to replace Keir Starmer tones down stance on government borrowing to assuage City investors