The government's borrowing costs climbed sharply on Monday afternoon, after Andy Burnham said he planned juice government borrowing

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…

The government's borrowing costs climbed sharply on Monday afternoon, after Andy Burnham said he planned juice government borrowing

The yield on 10-year Government bonds, called gilts, moved eight basis points higher to 5.049% at the end of London trading.

Andy Burnham sent borrowing costs soaring on Monday as he vowed to exploit 'any flexibility' in the fiscal rules before naming John Healey Chancellor of the Exchequer.

The yield on 10-year Government bonds, called gilts, moved eight basis points higher to 5.049% at the end of London trading.

Andy Burnham’s promise to cut VAT from electricity bills came alongside the news that government borrowing in June amounted to £16 billion - nearly bang on target.