30-year gilt yields are at their highest point since 1998. Breaching the 5.5% milestone…
Meanwhile 10-year yields are at 4.66% this morning – well above the Chancellor’s crying ceiling of 4.62% on 2 July. They are now at a ten-week high. The Chancellor’s ‘unsackable’ tear guarantee only worked for so long…
Rising borrowing costs cut down Reeves’ ‘fiscal headroom’ further come the October Omnishambles budget. Might end up in waterworks…
Red Wall Labour backbencher Jonathan Brash told GB News that Starmer should resign:
“I’m completely fed up about it, and I think it’s got to the point now where I genuinely think that, as far as the Prime Minister is concerned, it’s not a case of if, it’s when.”