Markets in post-budget MELTDOWN as cost of government borrowing soars after Rachel Reeves’ £40billion tax bomb budget

Markets in post-budget MELTDOWN as cost of government borrowing soars after Rachel Reeves’ £40billion tax bomb budget …C0NTINUE READING HERE >>>

MARKETS are in post-budget meltdown – as the cost of government borrowing soars after Rachel Reeves’ £40billion tax bomb.

The cost of government borrowing has jumped again this morning and is now higher than after Liz Truss’s 2022 mini-Budget.

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Following the Autumn Budget, the pound fell sharply, UK stock markets slumped and gilt yields spiked.

The “trick and treat” Halloween package included:

Gilts are government bonds. A rise in the yield signals an increase in the cost of borrowing for the…

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