Labour’s Economic Chaos as Pound Plunges: Borrowing Costs at Highest level since 1998

The markets have delivered their verdict on Labour’s latest bout of infighting — and it’s brutal. The pound has nosedived in the wake of Keir Starmer’s reshuffle, which effectively shoved Chancellor Rachel Reeves to the sidelines. Sterling tumbled more than 1.2 percent against the dollar, falling below $1.34, while Britain’s borrowing costs surged to levels … Continue reading Labour’s Economic Chaos as Pound Plunges: Borrowing Costs at Highest level since 1998