It finally happened this week. After accepting ever-shrinking returns on lending to the UK government, investors finally capitulated and agreed to pay the Bank of England for looking after
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The new government’s hand is strong enough to resist nationalisation, which would stick over £18bn of debt onto the taxpayer.
Keir Starmer is punishing Labour rebels for supporting a policy that was one of his own leadership pledges.
Much of the dialogue between the PM and Tory leader was rooted in agreement.
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