New figures from the Office for National Statistics show that public sector borrowing in May was well above the OBR’s forecasts. Quelle surprise…
Borrowing was £23.3 billion in May – £5.4 billion more than in May last year and £5.6 billion more than the £17.7 billion forecast by the Office for Budget Responsibility only three months ago. The highest deficit for any May since Covid…
Meanwhile gilt yields are rising on market open with the Burnham Makerfield news. Strap in…
Speaking at his speech on how to achieve “progressive capitalism” Wes Streeting fired a dig and Andy Burnham:
“Bond markets are not bond villains and fiscal rules matter.”