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‘Large tax hikes on the way’: How the global bond rout is boxing in Healey
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‘Large 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 [...]
2 Sept, 10:41
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