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US consumer confidence hits record low as Americans fret about rising prices; jobs report beats forecasts – as it happened

Rolling coverage of the latest economic and financial news

UK bond prices have now rallied, after Keir Starmer pledged not to resign and analysts suggested Labour was not doing as badly as feared in the council elections.

The yield (or interest rate) on benchmark 10-year bonds has dropped by 2.6 basis points (0.026 of a percentage point) to 4.894% this morning.

No, I’m not going to walk away and plunge the country into chaos. We were elected to deal with these challenges and that’s what we will do.

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May 10, 2026 Business Economics Stock markets

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