Category: Gilts

Will bond vigilantes punish Rachel Reeves with a Truss-style market meltdown?

10-year gilt yields have risen in the past month but are within the range of other pre-budget periodsUK government borrowing costs have risen ahead of Rachel Reeves’s budget on Wednesday.Some City investors say the...

Read More

Labour needs £25bn a year in tax rises to rebuild public services, warns IFS

Thinktank says tax increases in budget will be necessary even if Rachel Reeves changes fiscal rulesWill Rachel Reeves’s rules on debt and spending survive the budget?Keir Starmer’s promise to end austerity and...

Read More

Thames Water collapse could trigger Truss-style borrowing crisis, Whitehall officials fear

Exclusive: Concerns over effect on UK’s finances lead officials to believe utility should be renationalised before general electionSenior Whitehall officials fear Thames Water’s financial collapse could trigger a...

Read More

UK borrowing costs soar above levels of Liz Truss premiership

Stronger than expected job and pay data makes interest rate rise more likely, driving up two-year bond yieldsAnalysis: Don’t rule out half-point interest rate riseBusiness live – latest updatesUK government borrowing...

Read More

Bank of England completes sale of £19bn emergency bond purchases after mini-budget

BoE was forced to intervene in markets to prevent run on pension fundsThe Bank of England has finished unwinding the emergency bond-buying scheme it launched to calm the turmoil in financial markets that followed Liz...

Read More

In 2022 Liz Truss tried to bin economic orthodoxy – but what is it?

Rishi Sunak soon rowed back from his predecessor’s chaotic experiment, reasserting the seven pillars of UK Treasury wisdomIt was all over for Liz Truss’s war on economic orthodoxy the moment she decided to summon...

Read More

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid slowing growth outlook and sweeping tax cutsKwasi Kwarteng has been handed independent forecasts on the state of the UK finances that are...

Read More

Kwarteng considers extending mortgage guarantee scheme

Initiative may continue beyond December as bank bosses raise concerns over mortgage marketThe chancellor is considering extending the government’s mortgage guarantee scheme after UK bank bosses raised concerns over the...

Read More

Rating agency Fitch downgrades UK credit outlook

Lack of independent forecasts at mini-budget and clash with Bank of England’s inflation strategy prompts cutBusiness live: new downgrade as Kwarteng holds mortgage crisis talksRating agency Fitch lowered the outlook for...

Read More
Loading

Breaking News

prev next