The FTSE 100 has plunged into the red as hopes of a Middle East peace deal were dashed again, while bond markets are set for another volatile day as the Prime Minister’s future hangs in the balance.
Starmer has vowed to stay on, even after he was reportedly told by ministers to set out a timetable for his resignation. It comes after more than 80 MPs have called for him to go.
His reset speech on Monday failed to convince both his MPs and the bond market yesterday, with ten-year gilts trading at 5.006 per cent, while 30-year gilts reached 5.67 per cent.
This afternoon, borrowing
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