UK borrowing costs rise as Prime Minister Starmer faces leadership questions
Gilt yields rose Monday as investors weighed Prime Minister Keir Starmer's future after his chief of staff resigned. The move reflects growing uncertainty.
British government bond yields rose on February 9, 2026, following the resignation of Morgan McSweeney, the chief of staff to Keir Starmer. The outgoing official stepped down after taking responsibility for advising the Prime Minister to appoint Peter Mandelson as ambassador to the US, despite the appointee's known links to Jeffrey Epstein. This departure has intensified questions regarding the judgment and political future of the head of the Labour Party and increased uncertainty over the path of British fiscal policy.
