Reeves' Wobble: Gilts Market & Budget Test
Update: 2025-11-24
Description
On July 2nd, a pivotal moment unfolded in the British Parliament as Rachel Reeves, a key political figure, left the Commons chamber visibly upset after welfare reforms collapsed. This event sparked a wobble in the gilts market, with some investors believing Reeves commitment to strict fiscal rules was the only thing preventing another economic crisis. However, a different perspective emerged, suggesting the volatility was due to a lack of liquidity, not a vote of confidence in Reeves. As Reeves prepares to deliver her Budget, she faces a credibility test, balancing revenue raising with spending cuts amidst a significant budget deficit and foreign ownership of bonds.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
