Gilt Yields and Ghosts of Budgets Past: Who's Afraid of Bond Vigilantes?
Gilt yields rose after the Autumn budget as markets absorbed sharp rises in investment, taxes and borrowing. Does Liz Truss’s mini-budget still haunt UK debt markets? And is there a risk that investors will shun UK debt?
In today’s Dumb Question of the Week: Does public investment ‘crowd out’ or ‘crowd in’ private sector activity?
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