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UK Bonds Reach 1998 Peak Amid Starmer Exit, Miliband Speculation

5/15/2026

50 6 Full Breakdown

Summary

Story summary

Bond markets hit their highest borrowing costs since 1998 as speculation that Prime Minister Keir Starmer might depart intensified.
City insiders say the most dreaded possible successor to Prime Minister Keir Starmer is former Labour leader Ed Miliband.
Chancellor Rachel Reeves, amid market volatility, told the BBC the economy grew 0.6 percent in the first quarter despite the Iran conflict.

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Story summary

Bond markets hit their highest borrowing costs since 1998 as speculation that Prime Minister Keir Starmer might depart intensified.
City insiders say the most dreaded possible successor to Prime Minister Keir Starmer is former Labour leader Ed Miliband.
Chancellor Rachel Reeves, amid market volatility, told the BBC the economy grew 0.6 percent in the first quarter despite the Iran conflict.