The Bond Market's Specter Looms Over Labour's Leadership Contest The latest bout of political instability in Westminster has sent shivers down the spines of investors on the London markets, who are bracing for the possibility of another bond market meltdown.
As Keir Starmer faces a potential leadership challenge, the City is warning that a repeat of Liz Truss's disastrous premiership could be just around the corner.
The bond market's concern is not just about ideology; it's about fiscal discipline and coherence.