A new model of central banking would weaken the power of bond vigilantes – and help progressive politicians pay for transformative change, says academic Daniela Gabor

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

Mervyn King says fallout from Middle East war exposes system that has failed to curb debt

Former Bank of England governor on bond markets, central bank independence and lessons of crisis

A new model of central banking would weaken the power of bond vigilantes – and help progressive politicians pay for transformative change, says academic Daniela Gabor

Markets fear moves to topple Keir Starmer will entail a leftward shift politically and looser spending protocols