Reeves trashed the gilt market last week by pushing up UK 10-year gilt yields to peaks much higher than the 3.47% seen the day after Kwasi’s budget in 2022. The fallout hasn’t stopped there…
At this morning’s auction UK bonds saw the weakest demand since December last year. 10-year yields are still high at 4.496%. Investors’ concerns haven’t been assuaged by Reeves’ special post-budget media round – the bashed market limps on…
Speaking on Times Radio, former Home Secretary David Blunkett spoke about overdiagnosis of mental problems:
“Let’s distinguish those who are really severely mentally ill, diagnosed with things that require prolonged medical and diagnostic treatment. My wife and I talk about this a lot, because she’s a retired GP, about the fact that you can be sad without being ill. You can be momentarily depressed because your boyfriend or girlfriend’s just thrown you and you’re not mentally ill. You can even have mild issues, which can be dealt with with the right kind of support, but it doesn’t make you mentally ill. So we’ve got a real task, I think, to get the psychology, if you like, of this over. But there are things where you definitely need medical intervention, and there are other things where you need good friends, you need good connectivity, and you need a job.”
