Starmer drama has UK markets reliving their Truss nightmare – POLITICO

LONDON — Just as its Conservative predecessors did before it, Britain's Labour government risks driving the U.K.’s economy into a ditch with an internal party fight over the steering wheel. 

The pound has had its worst run against the dollar in 18 months, the stock market has slumped and the government’s borrowing costs have hit multi-year highs this week as Labour’s top brass turned on one another in response to a disastrous showing at nationwide elections last week. 

Unless it can restore order quickly, that’s going to translate into higher interest rates for businesses, higher credit card bills and mortgages, as well as a fresh cost-of-living squeeze as the prices for essential imports such as food and energy grind higher. That's exactly the outcome Prime Minister Keir Starmer promised to avert when he won a landslide last year.