As ministers return to Westminster, 30-year gilt yields are up to 5.64% this morning, the highest level since 1998. That’s up on last Tuesday’s high of 5.62%. Piling pressure on Reeves as borrowing costs soar ahead of the budget…
At the same time, the Confederation of British Industry said bosses are expected to invest and hire less across all industries in the next three months with consumer services seeing the fastest decline. They’re blaming expected further tax rises along with Rayner’s Employment Rights Bill…
Meanwhile a Downing Street reshuffle is underway, filling up the Treasury with tax-happy personnel in a pitch to the Left. Things can only get worse…
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.”