The UK's public borrowing cost has just edged past the previous peak which sank Liz Truss & Kwasi Kwarteng's budget plans; reaching a level not seen for over 25 years.
This looks like a 'buyers strike' with bond investors likely waiting to see how things pan out with Rachel Reeves' budget.... or one might see this as the old story of Bond Vigilantes turning on Labour despite their assiduous efforts to charm bankers?
Either way it makes Labour's spending plans more difficult!
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Christo. London, England
In response to this post@ChrisMayLA6
Bond Vigilantes should be outlawed
Mentions: @ChrisMayLA6@zirk.us
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