Starmer Has Nowhere to Go, Stuck Between Rebels and Bond Market
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UK Prime Minister Keir Starmer is caught between a political rebellion and a jittery bond market.
On one side is a big faction of his Labour Party that revolted in Parliament against his proposed welfare-spending cuts, derailing Chancellor of the Exchequer Rachel Reeves' push to steady the government's finances. On the other, a cohort of fast-money global investors who are worried about rising government debt loads around the world and wield the power to send borrowing costs surging if their confidence is rattled.
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