Early Edition with Kate Hawkesby

There are basically two big things governments control that affect the economy and therefore all of us: spending and stability.  They're not to be taken for granted, but too often they are.  Romanians are going to bed right now, unsure of who will run their country. The Government's just lost a confidence vote.  The socialists have sided with the far-right, of all groups, to collapse the Coalition.  This is bad for their economy because business relies on stability and predictability. Their absence kneecaps investment decisions and therefore growth. It's the same reason investors are jittery in the UK.  Long-term bond yields are the highest they've been since 1998.  Why?  Because Starmer is going to get a hiding in local elections.  His replacement, either Angela Rayner or even the outsider Andy Burnham, are left of him and that could mean more spending and borrowing. Something markets, unsurprisingly, think the motherland can ill-afford at present. Which brings us