Labour govt

  London, July 8 (IANS) The ascension of the Labour government has injected rare impetus into Britain's capital market. On Friday, the first day of the newly-elected Labour government, the domestically-focused FTSE 250 index rose by 0.86 per cent and the country's 10-year bond yield dipped by 0.8 percentage points, reports Xinhua news agency. The GDP for the first quarter this year increased by 0.6 per cent, and the annual Consumer Prices Index rose by 2 per cent in May, aligning with the anticipated interest rate cut by Bank of England. The Labour government inherited a comparatively strong economy. However,…