Rolling coverage of the latest economic and financial news
Gilt yields are down slightly this morning, after rising late yesterday following comments from Burnham that he will use “flexibility” in the fiscal rules to bolster public investment.
The yield on the 10-year gilt is about 1 basis point lower, though crucially still above the 5% level at 5.03%.
Working people are up against it with stagnant real pay, over a million people stuck on insecure zero-hour contracts, and a million young people not in employment, education, or training.
Cutting VAT on energy bills will provide some welcome relief. But with Donald Trump’s illegal war in Iran continuing to drive up bills, the government will need to go further. The new prime minister could raise up to £60bn over four years by hiking taxes on banks – and use it to bring down bills further for households across the country.
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Rolling coverage of the latest economic and financial newsGilt yields are down slightly this morning, after rising late yesterday following comments from Burnham that he will use “flexibility” in the fiscal rules to b...
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