Money Distilled

The Market Expects More British Political Havoc

The prospect of a swing further left is not reassuring gilt investors.
Keir Starmer, British prime minister.Photographer: Jose Sarmento Matos/Bloomberg
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Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.

This morning, British Prime Minister Keir Starmer gave another last-ditch speech to relaunch his premiership.