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Treasury yields inch higher as investors await key jobs report
Source: CNBC
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For too long, only the right has expanded the boundaries of what governments can do. Can Burnham change that? | Andy Beckett
The PM might come across as a nice bloke but he is politically ruthless. He will need to be if he is to turn big talk into big changes How much can a Labour government change the country? According to many voters, journalists and politicians, including plenty in the party itself, the answer to that stubbornly recurring question has always been: not that much. Labour governments can’t restructure the economy, radically redistribute wealth, truly empower the disadvantaged or adopt a genuinely ethical foreign policy without upsetting too many powerful interests, from the British rich to the US government to global financial markets. This endlessly repeated conventional wisdom – internalised by some on the left as well as centrists and the right – has haunted many Labour governments, from the first, tentative ones in the 1920s to Keir Starmer’s diligent but failed administration a century la