After over a week heading in the same direction, there can be little doubt that interest rates are a huge danger for the UK Govt. And made much worse by barely complying with the (already loose) fiscal rules. All the headroom from October is gone
Reposted from Fraser of Allander Institute
With gilt yields on the rise, should the Chancellor be worried? Have the UK Government's decisions made it more vulnerable to market conditions? And how much of a choice is there but to tighten fiscal policy? Read more below:

fraserofallander.org/gilt-yields-...

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