Let France be a warning, Rachel Reeves: stand up to the bond market vigilantes, or they’ll come for Britain next | Larry Elliott

Labour can stick with ‘you can’t buck the markets’ – or challenge the economic orthodoxy that has served narrow class interests for 50 yearsThere are plenty of tough jobs in politics but none tougher than the one just handed to Sébastien Lecornu, the third French prime minister to be appointed by Emmanuel Macron in a year.Lecornu has been given the nigh-on impossible task of getting an austerity budget through parliament at the head of a minority government facing implacable opposition from parties of the hard right and hard left. Talk about poisoned chalices.Larry Elliott is a Guardian columnist Continue reading...

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Merck scraps £1bn London expansion as report warns UK drugs sector ‘losing out’

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