How Labour’s civil war could crash the economy, Liz Truss-style

Statele Unite

It might get to the stage where the Bank of England feels the need to act as it did when the disastrous ‘mini-Budget’ crisis was at its worst, says James Moore H ere’s how to fix the current political crisis : invite the heads of bond trading from some of the big investment banks to address an emergency cabinet meeting. They would point to gilt yields – the amount of interest paid – currently heading off into the stratosphere. Long-dated UK government bonds – our 20- and 30-year IOUs – are

astăzi