'Tax Hikes on the Way': How the Global Bond Rout Is Boxing in Healey
5 Articles
5 Articles
'Tax hikes on the way': How the global bond rout is boxing in Healey
Chancellor John Healey is likely to roll-out “large tax hikes” at this year’s Budget due to a rout in global bond markets pushing up the cost of government borrowing, economists have said. A jump in the 10-year gilt yield to the highest level since August 2027 could “further erode” the £22.7bn level of fiscal headroom [...]
Global Market: UK gilt yields hit 18-year high as global bond selloff intensifies
UK government bond yields climbed to fresh 18-year highs as a global sovereign debt selloff intensified amid rising oil prices and renewed inflation concerns. Higher borrowing costs are adding pressure on Britain’s debt-servicing burden and complicating the fiscal outlook ahead of the upcoming budget.
The sharp upward movements observed in global energy prices continue to seriously disrupt the island economy's inflation outlook and macroeconomic balances. The sustainability of public finances and borrowing...
British government bond sales continued during today ' s Wednesday dealings, touching the 10-year bond return at the highest level in 18 years, with renewed inflation concerns with crude circulation over $95. Bonds (10 years) return (%) change (base point) United Kingdom 5.186 + 3.5 Germany 3.390 +3.1 Italy 4.225 +5.1 France 4.2254 + 4.8 The British bond returns record the highest level in 18 years written in the Stock Exchange.
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