UK reels from leadership crisis, pound falls
The UK's political leadership crisis has created major economic turmoil. The government's borrowing costs have reached their highest level in 18 years, while the pound has also fallen. Greater Manchester Mayor Andy Burnham has emerged as the center of this turmoil. Investors in the market fear that the government under Burnham's leadership may adopt a more debt-dependent policy. This concern has led to a rapid increase in interest rates on UK government bonds.
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