Reeves's fearsome challenge: to balance backbenchers and bond markets
James Carville, Bill Clinton's adviser in the 1990s, expressed a desire to return as the bond market, emphasizing its influence over political leaders.
UK bond yields fall as markets welcome Starmer's backing of Reeves
The recent sharp sell-off in UK gilts saw long-dated bond yields surge, raising concerns over potential looser fiscal policies and increased government borrowing due to speculation of a change in Chancellor.