10-year gilts hit 5.295% earlier today, the highest since August 2007. Just before the financial crash…
At the time of going to pixel, yields are still at 5.263%. Under Liz Truss, Labour’s favourite piñata, they reached around 5.12%. And as Guido reported, Britain paid its highest borrowing rate on record earlier this week…
Robert Jenrick told a rally on Monday:
“They say Chancellors are either undertakers or bookies. This one is an ostrich – and when the Chancellor buries his head in the sand, the rest of us, we’re left staring at his you know what.”