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Gilts Slump as Investors Brace for Burnham Challenge to Starmer

Bloomberg Markets · May 15, 2026, 7:18 AM · Also reported by 4 other sources

Gilts tumbled after Manchester Mayor Andy Burnham secured a pathway to potentially challenge Keir Starmer for the UK prime minister’s job, threatening a fresh bout of political instability that investors fear could result in more expansive fiscal policy.

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Financial Times Sterling falls as traders brace for Burnham to challenge Starmer Financial Times Starmer braces for leadership challenge by Burnham France 24 Labour politicians jockey for possible challenge to UK's Starmer BBC Politics Andy Burnham to make bid to return to Commons as pressure mounts on Starmer

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Gilts Slump as Investors Brace for Burnham Challenge to Starmer

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