UK borrowing costs rose as the yield on 30-year Treasury gilts hit a nearly three-decade high of 5.212% after a £2.25 billion auction. Yields on 20-year gilts also increased to 5.153%, while 10-year gilts rose to 4.641% and 2 and 5-year gilts saw slight upticks, reflecting the broader trend of rising borrowing costs in the UK.
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Keir Starmer abolishes NHS England to bring health service back to ‘heart of government’
Sir Keir Starmer has announced the abolition of NHS England to prioritize frontline services and shift resources to patient care, aiming to reduce bureaucracy and increase funding for nurses. The move, which includes bringing NHS management under democratic control, follows a recent leadership shakeup at NHS England due to perceived duplication of roles and wasted resources, with a focus on streamlining operations and cutting waiting times for patients. Full Article
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