‘There’s a risk of another Liz Truss moment’: City raises spectre of bond market meltdown again

‘The markets hate uncertainty, but they hate a political vacuum even more,’ said Nigel Green, the chief executive of deVere Group. Photograph: Andy Rain/EPA

A rise in borrowing costs and warnings to avoid a “Liz Truss moment”. As Keir Starmer faces a potential leadership challenge, the spectre of the bond market looms large.

Amid febrile conditions in Westminster, the prospect of Britain switching prime ministers for a sixth time in seven years has fuelled a sharp sell-off in the market for UK government debt.