00:00Government borrowing costs have climbed again, while the pound has fallen sharply after fresh
00:06political uncertainty around Labour's leadership. Investors reacted after Andy Burnham confirmed
00:12plans to fight a parliamentary by-election, raising questions about future spending and
00:17borrowing. Concerns about higher public debt and rising energy prices linked to conflict in the
00:24East are pushing up pressure on financial markets. The cost of long-term government borrowing
00:30has reached levels not seen for years, affecting expectations for mortgages, business investment
00:36and household finances. Burnham says he wants to rebuild trust in politics and make government
00:42work better for communities.
Comments