Rachel Reeves’s test from the bond markets starts now - short news
UK gilt yields may have dropped a bit relative to other major countries, but it’s not at all clear that the fall with continue
UK’s higher borrowing costs compared with major countries ‘may be coming to an end’
Good news for Rachel Reeves: the cost of government borrowing has fallen a bit relative to the US and eurozone countries. Better news: the chancellor may have something to do with it. Better still: some economists think there’s more to come.
Let’s not..
source: The Guardian - 09.12.2025