Economic Watch: New Labour gov't faces economic challenges

by Xinhua Writers Zheng Bofei, Larry Neild

LONDON, July 8 (Xinhua) -- The ascension of the Labour government injected rare impetus into Britain's capital market, accompanied by many positive economic signs.

On Friday, the first day of the newly-elected Labour government, the domestically-focused FTSE 250 index rose by 0.86 percent and the country's 10-year bond yield dipped by 0.8 percentage points.