UK 10-Year Gilts Surge Above 5% for First Time Since 2008
At the time of going to pixel, 10 year-gilts are at 5.069% – and rising. Now hitting 2008 financial crisis levels… and comfortably higher than the 4.42% peak after Liz Truss’s mini-Budget…
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At the time of going to pixel, 10 year-gilts are at 5.069% – and rising. Now hitting 2008 financial crisis levels… and comfortably higher than the 4.42% peak after Liz Truss’s mini-Budget…
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Markets turning, gilts spiking. Good job Reeves has “the right economic plan”, apparently…
Labour is considering lowering the cost ceiling for processing Freedom of Information (FoI) requests, using ‘spiralling administrative costs’ as the latest excuse to limit government transparency. Obviously blaming China wasn’t good enough… According to briefings in the FT: “The soaring number of requests comes against a backdrop of heavily constrained Whitehall budgets… the cost threshold…
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Miliband’s suggestions to pubs clinging on for dear life: switch off your fridges overnight, serve warmer beer, and turn off the ovens. And the taxpayer has coughed up £350,000 to produce these measures… DESNZ pumped that cash into Zero Carbon Services’ ‘energy and carbon reduction tool’ which was rolled out to 525 pubs, restaurants, and…
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