Rising bond yields leave Reeves with no choice but to plan a ‘muddle-through’ budget
Despite predictions of a 1970s-style budget crisis, analysts point out similar rises are taking place in other marketsThe last time yields on 30-year UK government bonds were this high, Rachel Reeves was a first-year student at Oxford, getting to grips with economics.The chancellor could be excused...
<p>Despite predictions of a 1970s-style budget crisis, analysts point out similar rises are taking place in other markets</p><p>The last time yields on 30-year UK government bonds were this high, Rachel Reeves was a first-year student at Oxford, getting to grips with economics.</p><p>The chancellor could be excused a moment of nostalgia for such innocent times after waking on Tuesday to a barrage of headlines about Keir Starmer taking back control of economic policy – and <a href="https://www.theguardian.com/business/2025/sep/02/rachel-reeves-uk-borrowing-costs-budget-bond-yields">a fresh sell-off in the government bond, or gilt, markets.</a></p> <a href="https://www.theguardian.com/business/2025/sep/02/rising-bond-yields-leave-reeves-with-no-choice-but-to-plan-a-muddle-through-budget">Continue reading...</a>
Read the full article at:
The Guardian World →