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UK long-term borrowing costs could halve chancellor’s budget headroom
The Guardian view on the global bond shock: Andy Burnham should take note
There’s no sign that the bond market sell-off is stopping, warns Chris Beauchamp, chief market analyst at IG:
“The market rout stepped up a year yesterday and shows no sign of stopping.
Governments around the world are feeling the pressure from bond markets, but the situation is particularly acute for the UK, where Andy Burnham’s grand promises about reforming the economy are about to meet the cold reality of high debt levels and rocketing borrowing costs.
