City investors fear Labour leadership battle could push up UK bond yields, as UK borrowing jumps in May – as it happened

UK budget deficit is running higher than forecast; borrowing costs rise after Makerfield byelection as US-Iran talks are called offShares in UK water companies are dropping in early trading, as Andy Burnham’s byelection win raises the prospect of nationalisation.United Utilities, which provides water and wastewater services in the North West of England, are down 1.3%.When Andy says he wants the public to have control over ‘the essentials of life’, we should believe him. He is completely serious. Continue reading…