Gilts extended their retreat and the pound slipped after UK Prime Minister Andy Burnham said he will seek “any flexibility” in the government’s fiscal rules, stoking concerns his administration will add to the nation’s already-heavy debt load.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-20/gilts-fall-as-burnham-s-fiscal-flexibility-comments-spook-market)