UK bond vigilantes circle gilts as election losses hit PM Starmer

British Prime Minister Keir Starmer gives an update on the situation in the Middle East at Downing Street Briefing Room, in London, Britain, March 05, 2026. Jaimi Joy | Via Reuters Early results from local council elections pointed to big losses for the U.K.'s ruling Labour Party on Friday, raising questions about Keir Starmer's future as prime minister. Vote counts pointed to hundreds of Labour councilors losing their seats and the leadership of many local councils changing hands. …