British government bond yields saw a slight increase on Monday. Andy Burnham is set to become the country's seventh Prime Minister in a decade. Investors are anticipating one or two interest rate hikes by the Bank of England this year. The 10-year gilt yield rose by 3 basis points on the day. This rise was slightly larger than seen in comparable international debt.

Burnham inherits high public debt, elevated borrowing costs and weak growth, while demands on the state continue to rise from defence, net-zero and an ageing population. At the…

Andy Burnham is set to become the UK’s seventh prime minister in a decade, taking over the Labour Party amid a cost-of-living crisis, defense funding shortfalls, and rising…