Rachel Reeves warned ‘dysfunctional’ fiscal rules are hammering economy Economics Rachel Reeves has been dealt a scathing assessment of her economic policy by a top think tank, which likened her approach to a driver who was “watching the speedometer” while ignoring other conditions. The Chancellor is facing calls to scrap the self-imposed fiscal rules that prevent her from borrowing to pay for day-to-day spending and [...]
Gilt trip: why markets are punishing Rachel Reeves Opinion Without a credible and transparent medium-term fiscal plan, bond markets will continue to price in higher risk and demand higher returns, says Gareth Davies The UK economy faces an uncomfortable reality. On one side, inflation has continued to rise. On the other, government borrowing costs have surged, with gilt yields now at their highest level in [...]