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UK bond vigilantes circle gilts as election losses hit PM Starmer

CNBC · May 8, 2026, 8:04 AM · Also reported by 4 other sources

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  • Early results from local council elections pointed to big losses for the U.K.'s ruling Labour Party on Friday, raising questions about Keir Starmer's future as prime minister.
  • Vote counts pointed to hundreds of Labour councilors losing their seats and the leadership of many local councils changing hands.

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Early results from local council elections pointed to big losses for the U.K.'s ruling Labour Party on Friday, raising questions about Keir Starmer's future as prime minister.

Vote counts pointed to hundreds of Labour councilors losing their seats and the leadership of many local councils changing hands.

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