Episode 228
Gilt Complex: Is Britain in Hock to the Bond Market?
Andy Burnham once said Britain had to “get beyond being in hock to the bond market”. That’s easier said than done when gilt yields are 5%, debt interest is running above £100bn a year, and the autumn Budget has no headroom left. Can the UK escape fiscal fatalism?
And in the Dumb Question of the Week: What's the oldest bond in the world? And is anyone still getting paid?
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