The UK paid its highest borrowing rate on record yesterday, selling £4.25 billion of 30-year gilts at 5.82 per cent. The steepest yield at any sale since the Debt Management Office was set up in 1998, but don’t worry about that…
According to the Times, Deutsche Bank told clients the headroom is likely to be nearly halved. Debt interest is forecast to stay above £100 billion a year into the 2030s. It’s going to be a spooky Budget…
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.”