The Brewing Storm Over Burnham's Budget The recent spike in gilt yields has brought a sense of déjà vu to the UK's economic landscape, as governments worldwide grapple with rising energy costs, inflation, and debt burdens.
Britain is once again caught on the wrong foot, and Andy Burnham's government faces an unenviable task: convincing bond investors that their fiscal plans are worth taking a chance on.
The Iran war has sent shockwaves through the energy markets, while US treasury secretary efforts to calm nerves have so far been unsuccessful.