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…
Asked by Lobby hacks about his past comments on Trump (“any UK politician who gave Trump the time of day should be ashamed right now”) Burnham was blithe:
“Politicians say things throughout their career, but now the important thing is to focus on the moment you are in.”
Were it so easy…
