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Evening Standard
Evening Standard
Business
Henry Saker-Clark

Borrowing costs jump to two-month high as Healey named as Chancellor

John Healey (Lucy North/PA) - (PA Wire)

Government borrowing costs lifted higher and the value of the pound weakened amid caution from City traders ahead of John Healey’s appointment as the next Chancellor of the Exchequer.

Andy Burnham appointed the former defence secretary in a surprise move after speculation that Shabana Mahmood and Ed Miliband had been frontrunners for the role.

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