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…
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.”