UK borrowing costs fall and pound rises as Starmer says he will remain as PM

Bond yields drop as market fears ease that Labour leader will be replaced by a more leftwing rival Elections 2026 – live updates Business live – latest updates UK government borrowing costs fell and the pound rose on Friday as Keir Starmer vowed to remain as prime minister despite the Labour party losing hundreds of council seats across England. Investors calculated that some of the intense pressure on Starmer’s leadership had eased, as Labour appeared on track for a smaller losses than election